share capital increment

CHECKLIST TO INCREASE THE AUTHORISED SHARE CAPITAL OF YOUR COMPANY

• Consult the Articles of Association of your company to see whether they authorize the company to increase the share capital. If it does not authorize, complete proceedings to alter them accordingly.
• Convene a Board Meeting after issuing notices to the directors of the company as per section 286 to decide about the increase and to fix up the date, time, place and agenda for convening a General Meeting and to pass an Ordinary Resolution for the same.
• If the shares of your company are listed with any of the recognized Stock Exchange, then immediately after the Board Meeting intimate to the concerned Stock Exchange short particulars of the increase of capital.
• Issue notices before at least twenty-one days from the date of the meeting for the General meeting with suitable Explanatory Statement.
• Hold the general meeting and pass the Ordinary or Special resolution, as required under item 2 above.
• If the shares of your company are listed with any of the recognized Stock Exchange, then forward three copies of the notice and a copy of the proceedings of the General meeting to the Stock Exchange.
• If the resolution passed is a Special resolution, file the same with Explanatory Statement with the concerned Registrar of Companies in form No, 23 within thirty days, after paying the requisite fee prescribed under schedule X to the Companies Act, 1956.
• File the notice of increase with the concerned registrar of Companies in Form no.5 within thirty days on which the Registrar of Companies will make necessary changes in the company’s Memorandum and Articles of Association.
• While filing the above notice, the registration fees for the increased authorized share capital shall have to be paid electronically.
• Make necessary changes in every copy of the memorandum and Articles of Association and in all other papers and documents.

Dear

You may follow the following procedure to increase the authorised share capital

The Company is required to convene a Board Meeting approving the Notice convening an Extra-Ordinary General Meeting whereat the Approval of the Members is to be obtained for the Increase in Authorised Share Capital by Ordinary Resolution. Also to check if the Articles of Association is required to be altered regarding the Share Capital. 

If required, Approval of Members is to be obtained for alteration of Articles by Special Resolution.

File for 23 for special resolution if required

File Form 5 for Application for Increase in Authorised share Capital.

 Liasoning with the Registrar of Companies for the approval of Forms.

Regards

Vishal

Dear Ravi

Do B.M and call EGM and alter clause V of MOA u/s 95. check AOA clause need to alter or not

if need then Pass Special Resoultion

if dont need Pass Ordinary Resoltuion

and take approval from Members in EGM

File Form 5 with ROC and attach EGM Resolution, Notice.

Pay the fee of it.

Regards

Please find attach a very useful file which contain the procedure for increased in AC.

Thanks experts.

Please attach EGM Resolution and notice formats.

As per MOA & AOA the authorised capital is Rs. 75 lacs. now it  is increased to 1 crores.

Should we file altered MOA & AOA as  attachments to form 5 and fee payable.

Pl. clarify.

Sir

Please refer ICSI professional  programme Company Secretarial  Practice study material  for resolutions and notice.

yes MOA and AOA should be filed along with Form 5