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Process to increase initial authorised capital for pvt ltd

Pvt ltd 560 views 1 replies

I have registered my Pvt ltd company with 1 lakh authorised capital which is deposited in current account of company. Now realising that 1 lakh capital is not enough, so I wanted to increase it by investing another 2 lakhs capital by depositing it in current account.  2 Lakhs capital amount is my money earned from other sources, which I wanted to invest in my pvt ltd company. What process I have to follow:-

1. Do I have to follow any process of increasing authorised capital by following any compliance in MCA?

2. Do I have to increase no of  shares etc?

Pls guide me.

 

Replies (1)

Following is the procedure.

General Board Meeting: ( all directors need to be present)

1) Discuss the increased authorised share capital from 1,00,000 to 3,00,00 divided into ( equity shares of No's ) depends on your face value.

2) Change in Clause V of MOA

3) Notice for EGM

EGM

Pass your resolution.

 

Within 30 days from EGM , file MGT - 14 & Form SH - 7

For increase in authorised share capital.

Please note you require the following documents while filing MGT - 14 & Sh- 7

Boad Meeting resolution
EGM
Notice for EGM

Extract of EGM

Updated MOA ( clasue V)

Altered AOA

You are required to pay fee for filing SH - 7 & MGT - 14  , depends on your ROC

 

After increased in authorised share capital you are required to file PAS 3 form for alloting of shares

Hope this helps you out.

 

 


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