Increse in authorised capital

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 December 2012 i had uploaded Form 5 and 23 for increse in authorised share capital for which query is raised by roc is as following

'e'form date and resolution date not tally, copy of MOA & AOA without foot note. Form 67 (Addendum) should be filed by 05/01/2013 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)

In the above query we are unable to understand what is Foot note ?

Ajay Mishra

Ajay Mishra (Expert)
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06 December 2012 Hi

Go to following link, and check Regulation 17:

https://www.mca.gov.in/Ministry/actsbills/rules/CR1956.pdf

Ajay Mishra

Ajay Mishra (Expert)
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06 December 2012 I think, you have followed the following procedure for increasing your authorised capital:

Procedure for increase in authorised capital of the company

1. Convene a Board Meeting after issuing notices to the directors of the company to decide about the increase and to fix the date, time, place and agenda for convening a General Meeting.
2. To pass an Ordinary Resolution (Special Resolution if so required by articles) for the same.
3. Download Form -5 from www.mca.gov.in
4. Fill the details required such form except signature of the concerned person.
5. Opt the option to pay stamp duty electronically along with ROC fee on Form-5 with concerned ROC.
6. Please attached altered MOA and AOA with the Form-5 filed with concerned ROC .
7. File MOA along with stamped form-5 with concerned ROC (if required).
8. After approval of Form-5 from ROC make necessary changes in MOA and AOA and in all other papers and documents.

If you are increasing Authorised Capital by Special Resolution or also change in Article of Association it is required to file Form 23 with concerned ROC within 30 days from the date of passing such resolution.

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2012 pls sir explain me ONLY what is FOOT NOTE in MOA or AOA

Ajay Mishra

Ajay Mishra (Expert)
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08 December 2012 Foot note is your amended clause.

In MOA clause V should change with new clause with current authorised capital.

If you are changing AOA then correct capital of your capital clause of AOA.

This is footnote.

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