Regarding increased authorised & paid up capital

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Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2012 Hello Sir
I have a query regarding increase in Authorised captial and Paid up captial
Please guide me that which form, what are the procedure required for doing the same

Existing details of the Company is
Authorised capital Rs. 1,00,000
Paid up Capital Rs. 1,00,000

Increase by
Authorised capital Rs. 4,00,000
Paid up Capital Rs. 4,00,000

Also we have taken share application money long back in the book of account Rs. 5,00,000
Now this share Application money we want to allotted Two directors equialy with Share Preimum Rs. 125/-
so the directors will be given 2000 shares on their name
The face Value of Equity share is Rs. 10/-

In above case please give me detais procedure on my mail ID patil.sonam09@gmail.com

Ajay Mishra

Ajay Mishra (Expert)
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27 June 2012 Hi

Firstly you increase authorised share capital of the company for allotting further 2000 equity shares.

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.

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Ajay Mishra

Ajay Mishra (Expert)
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27 June 2012 Hi

After increasing in Authorised Share Capital of the Company, you will follow the below mentioned procedure:

1. Call a Board Meeting for alotment of 2000 equity shares @ Rs. 125/- to directors.
2. File Form-2 with ROC with in 30 days from the date of allotment of shares to ROC.
3. Issue share certificate within 3 months from the allotment of shares as per section 113 of the Companies Act, 1956.

Regards

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