Increase In Authorized Capital Of Company in Indore
As the company grows its size of operation also increases. At a later stage, the company in Indore while performing its business operations may need more funds for expansion of its business or, to meet the expenditure requirements that may arise in future. These requirements can be met by increasing the authorized share capital in Indore of the company. The authorized share capital is the maximum amount of shares value which a company can allot to its shareholders in Indore.
Whenever the company requires fund in business the company can increase its authorized according to its requirements by passing Ordinary or Special Resolution in General Meeting in Indore and by following the procedures as mentioned in the Companies Act, 2013 and subject to confirmation by ROC.
Frequently Asked Question
A company can increase its authorized capital by filing Form SH-7 within 30 days from the date of passing the resolution i.e. from the date of alteration.
Similarly, subscribed capital and paid up capital of the company gets increased on filing and approval of Form PAS-3 (Return of allotment of shares) within 30 days from the date of allotment.
Following information and documents are required to increase authorised share capital of the Company:-
- Board resolution for notice of EGM of the Company.
- Notice of EGM with explanatory statement.
- Ordinary Resolution.
- Altered MOA of the Company.
Form SH-7 is required to file.
We file form within 3-4 days after completion of document from the client for change of authorised share capital of the company. MCA Approval will take around 7-10 working days.
Yes, Holding of AGM is mandatory to increase authorised share capital.