RESOLUTION TO INCREASE AUTHORISED CAPITAL

1. Convene a BM, where increase in the Auth has to be passed.

2. Pass an ordinary / Special resolution at the AGM for approving the same

3. File form 23 within 30 days.

4. File form 5 within 30days.

5. Pay requiste fees for increase in the auth as per Schedule X

6. Make necessary changes in the MOA & AOA...

7. Pls note if it is a listed co... make necessary disclosures to the Stock Exchange.

Priyanka Agrawal

1. Convene BM and get it approved

2. Pass ordinary/ Special resolution at the AGM

3. File Form 23 within 30 days

File 5 within 30 days

Pay requisite fees as per Schedule X . u can calculate thru MCA site also

MAke necessary changes n then issue.

Priyanka Agrawal
 

1. Please provide suitable Explanatory Statement for Increasing the Authorised Capital for a Pvt. Ltd. Company.

2. Is it necessary to Alter the Articles of Association if it is mentiond in the AOA - "The Authorised Share Capital of the Company shall be such amount and be divided into such shares as may from time to time be provided under clause No  V of the Memorandum of Association of the Company"

Hi Vivek !

If articles mentioned that  Capital will be as per MOA you need to just pass ordinary resolution through EGM and just amend MOA Clause V in such case you need not require to amend articles .

Format of explanatory statement

Can a Company increase its Authorised Share Capital by passing a resolution by circulation ??? which decisions can be taken by passing resolution by circulation...

Originally posted by : Raakhi
	Can a Company increase its Authorised Share Capital by passing a resolution by circulation ??? which decisions can be taken by passing resolution by circulation...

For increase in AC you have to pass ordinary resolution of shareholders. Yes you can pass the same by postal ballot u/s 192A.

Resolution by circulation is governed by section 289 and is the subject matter of board meeting. Kindly visit the link below:

PASSING OF RESOLUTION BY CIRCULATION U/S 289 OF THE CO. ACT, 1956       

can anyone telle how many days notice is required for an EGM? and what resolution should be passed for increasing share capital?

Ordinary resolution required, 21 Clear days notice.

can any one provide me board resolution format for division of authorised  equity share capital into preference and equity share capital 

Procedure for increase in Authorised Capital:

1. Hold a Board Meeting for proposing change in authorised capital & convening Extra Ordinary general Meeting

2. Prepare Notice & Explanatory Statement for convening Extra Ordinary general Meeting

3. Hold Extra Ordinary General Meeting

4. File Form 5

5. The fees for increase in authorised capital can be checked at https://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=15

To increase the uthorised capital, extra ordinary meeting should be conducted and minutes of the meeting should specify the need of increase in authorised capital and it shall make the proper amendment in appropriate clause of moa and aoa of the company.

The notice and resolution (Extra ordinary meeting) and amended moa copy shall be filed with roc in form 5 with in 30 days of the resolution date.

The Extra ordinary meeting resolution is as follows,

Extracts of the minutes of the Extra ordinary general meeting of the board at the registered office of the company on ________ at ________

INCREASE IN AUTHORISED CAPITAL :

Resolved that,

The board on having known the need to increase its capital base for Its various business requirements , the board hereby decides to increase the authorised Capital of the company  and director Mr.___________ of the company is hereby authorised to sign and file relevant forms as may be required for the said increase with Roc.

Resolved further that,

Consequent to the increase, Clause ____ of the moa is hereby altered as follows,

for the existing words,

(Whatever is there in moa shall be copied here with the revised structure of equity and preference share capital)

Explanatory statement : _______________________________________________(mention need to increase)

for __________________________ Private Limited

Managing director /  Director

To increase the uthorised capital, extra ordinary meeting should be conducted and minutes of the meeting should specify the need of increase in authorised capital and it shall make the proper amendment in appropriate clause of moa and aoa of the company.

The notice and resolution (Extra ordinary meeting) and amended moa copy shall be filed with roc in form 5 with in 30 days of the resolution date.

The Extra ordinary meeting resolution is as follows,

Extracts of the minutes of the Extra ordinary general meeting of the board at the registered office of the company on ________ at ________

INCREASE IN AUTHORISED CAPITAL :

Resolved that,

The board on having known the need to increase its capital base for Its various business requirements , the board hereby decides to increase the authorised Capital of the company  and director Mr.___________ of the company is hereby authorised to sign and file relevant forms as may be required for the said increase with Roc.

Resolved further that,

Consequent to the increase, Clause ____ of the moa is hereby altered as follows,

for the existing words,

(Whatever is there in moa shall be copied here with the revised structure of equity and preference share capital)

Explanatory statement : _______________________________________________(mention need to increase)

for __________________________ Private Limited

Managing director /  Director

i have a query

i have made a nidhi company with authorised capital 500000.00

as we know that requirement of upto 1000000 within one year.

now i want to increase my capital.

please suggest me containts in egm Board meeting & Notice 

and also documents for adding members in the company