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We want to increase authorised share capital

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2015 hi
i am a director over public ltd company. we want to increase authorized share capital from 10 lacks to 50 lacks. i want to know the procedure and what is the amount to be charged by AUTHORITIES.our company is registered in mumbai ROC.
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Pratik Shah

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Pratik Shah (Expert)
24 July 2015 First, you will require to conduct Board meeting for
1. approving increase in Authorised capital 2. alteration of MOA (AOA also, if required)
(subject to approval of shareholders in General meeting).

Then hold General meeting to pass both resolutions.

Then you are required to file MGT-14 for filing special resolution.
After that, you are required to file SH-7. Once this form is updated, the authorised capital will be updated on MCA records.;
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