Urgent

The authorised share capital of my company is 25 lacs and the paid up capital as on date is 16.80 lacs.. What is the procedure to increase the paid up capital of myself in the company.
Replies (1)

1.The company has to make sure that its articles of association contain a provision authorising it to increase its authorised share capital.if there is no such provision then the company has to take steps for alteration of its articles of association in accordance with the provision of section31 of the companies act,1956.so as to provide for increase in the share capital of the company.
2.Issue notice in accordance with the provisions of section286 of the Act for convening a board meeting.
3.Hold the meeting-
(i)to decide about the increase in the authorised share capital;
(ii)to fix time,date and venue for holding general meeting of the company to pass an ordinary resolution for increasing the authorised share capital of the company[REFER SECTION 94(2);];
(iii)to approve notice,agenda and explanatory statement to be annexed to the notice of general meeting as per section 173(2) of the Act;
(iv)to authorise the company secretary to issue on behalf of the board,notice of the general meeting as approved by the board.
4.soon after the conclusion of the board meeting,send to the stock exchange,where the securities of the company are listed.
5.Issue notice of the gm to all members,directors and the auditors of the company;
6.In case of a listed company forward 3copies of the notice of gm to the concerned stock exchange as per listing agreement;
7.Hold the general meeting and pass ordinary resolution as per section 94(2);
8.FORWARD A COPY OF THE PROCEEDINGS OF THR GENERAL MEETINGS TO THE CONCERNED STOCK EXCHANGE;
fILE WITH ROC e-form5 with the registration fee on increased share capital as per rates under schedulex of the act within 30days of the passing of the resolution;

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