Finding current capital low? Then you are at the right place, where your Teller will guide you with each step required to increase the Authorised Share Capital of the Company. All the compliances will be taken care by the Teller.
Drafting of notices to be issued in EGM, minutes of meeting of Board and Shareholders, and resolutions of meetings.
Change in Memorandum of Association (upto Rs. 10 lakhs) - Ay increase beyond Rs 10 lakhs would require additional govt fee to repaid by you
Step 2: Assistance in holding Board Meeting and drafting resolutions, director appointment letter and disclosures
Step 3: Filing MGT 14 and SH-7
Step 5: Amendment in Memorandum of Association (MOA) by your Teller
Documents To Be Submitted
Provision of CIN and your Teller will communicate the documents (if any) required,
1. What is Authorised Share Capital?
It is the maximum amount of the capital for which shares can be issued by the Company to shareholders. The Authorised capital is mentioned in the Memorandum of Association of the Company under “Capital Clause”.
It is decided prior to incorporation of the Company. However, it can be increased at any time in future by following necessary steps as required.
2. What is the govt fee payable on increase in Authorised Capital?
The fee for increase in authorised capital involves fee for change in MOA and stamp duty. Generally combined fe approximates to 1%.