Increasing paid up capital

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R Gopalan

R Gopalan (Querist)
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14 May 2012 pls tell me how to increase paid up capital(not authorised capital)

what are the procedures ?

vignesh

vignesh (Expert)
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14 May 2012 Dear Gopalan,

conduct Board Meeting and get the approval from the board in case of private company otherwise get the board approval for further issue of Shares u/s 81 or get board and members (shareholders) approval for private placement of shares for public limited company u/s 81 (1A) read with unlisted public companies preferential allotment rules 2011.

File e-Form 2 within 30 days from the date of allotment.

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R Gopalan

R Gopalan (Querist)
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15 May 2012 Dear Vignesh,
thank u for ur reply...
pls tell me how to conduct board meeting for pvt ltd company...and if the company is pvt ltd so from whom we need to get the approval?

vignesh

vignesh (Expert)
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17 May 2012 Dear Sir,

Directors Approval is enough in case of private companies and allot the shares to the allotees either the existing shareholders or new shareholders. and file e-Form 2 with the Roc within 30 days from the date of allotment.

R Gopalan

R Gopalan (Querist)
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22 May 2012 is it necessary to file form 23 for increasing paid up capital while filling form 2.it asks SRN No of form 23 pls clarify...

vignesh

vignesh (Expert)
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23 May 2012 Dear Sir,

The e-Form 23 is required when the shares are issued other than cash, sec 81(1A). i.e. conversion of unsecured loans into shares, Private Placement, etc. In these cases, the agreement and special resolution is required to allot the shares. so only the form - 2 asks the SRN of e-Form 23. Otherwise no need to enter the SRN of e-form 23.

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