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Increase In Authorized Capital Of Company in Jamshedpur  

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Increase in Authorized Capital of Company Jamshedpur

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Increase In Authorized Capital Of Company in Jamshedpur

As the company grows its size of operation also increases. At a later stage, the company in Jamshedpur 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 Jamshedpur of the company. The authorized share capital is the maximum amount of shares value which a company can allot to its shareholders in Jamshedpur.

Increase in Authorized Share Capital

 

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 Jamshedpur and by following the procedures as mentioned in the Companies Act, 2013 and subject to confirmation by ROC.

Frequently Asked Question

HOW TO CHANGE AUTHORISED SHARE CAPITAL OF THE COMPANY AS PER COMPANIES ACT, 2013?

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.

WHAT ARE THE INFORMATION & DOCUMENTS REQUIRED FOR CHANGE OF AUTHORISED SHARE CAPITAL OF THE COMPANY.?

Following information and documents are required to increase authorised share capital of the Company:-

Documents Required

  • Board resolution for notice of EGM of the Company.
  • Notice of EGM with explanatory statement.
  • Ordinary Resolution.
  • Altered MOA of the Company.
WHICH FORMS ARE REQUIRED TO FILE IN THE ROC FOR CHANGE OF AUTHORISED SHARE CAPITAL OF THE COMPANY?

Form SH-7 is required to file.

HOW MUCH TIME IT WILL TAKE FOR FILING FORM FOR CHANGE OF AUTHORISED SHARE CAPITAL OF THE COMPANY?

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.

WHETHER GENERAL MEETING IS MANDATORY TO HOLD FOR CHANGE OF AUTHORISED SHARE CAPITAL OF THE COMPANY?
  • Yes, Holding of AGM is mandatory to increase authorised share capital.

WHETHER SPECIAL RESOLUTION IS REQUIRED TO PASS FOR INCREASED IN AUTHORISED SHARE CAPITAL OF THE COMPANY?
No, only ordinary resolution is required to increase authorised share capital.

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