Compliance in case authorised capital exceeds rs. 5 crore

Hi,

 

Please let me know statutory compliance if the authorised capital of a private limited company exceed Rs. 5 crore.

 

An early reply will solve my purpose.

 

Regards,

Nandan

 

Replies (4)

Dear Friend,

As far as my limited knowledge is concerned the compliances would come when there is an increase in the paid up capital. Authorise Capital change would not effect other issues.

But,

1) Get the Form 5 and if applicable Form 23 filed with ROC within the stipulated time with all the necessary attachements.

2) Get the change in the MOA done.

Refer to other provisions, if needed.

Just need to pass an Ordinary Resolution for the increase, and file form 5 for the same and alter the MOA.

 

If there is need to alter Articles also then ensure that Special Resolution should be passed and and form 23 is also to be filed.

u will have to appoint whole time company secretary.

i mean in case if u in increase the paid up capital , not the authorized capital

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