Increase Authorised Share Capital
| Market Price: | |
|---|---|
| Filing CA Price: | ₹4000/- excl. GST |
| ₹4720/- incl. GST | |
| You Save: | ₹3000/- (43%) |
| Complete By: | within 7 days from payment |
When an entrepreneur decides to get company registration and settles on the business structure most suited to the purpose of the business and other co-owners, it is essential to decide what the share capital of the company is to be and how can we Increase Authorised Share Capital.
The share capital is that part of a company’s equity which has been raised by issuing shares and selling them to stockholders in exchange for capital (cash or other considerations). In order to maintain financial decorum, the government stipulates that no company can indiscriminately issue shares for the purpose of raising capital. To that effect, authorised share capital is the maximum value of share capital that the company is legally authorised to issue to shareholders.
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Requirements for alteration of Capital
- Authorised is required in the articles.
- Or is required to be passed in the GM.
- As per sec.64 of the Companies Act, 2013, Notice of alteration of share be given to ROC
- Within 30 days
- In the prescribed form
- Along with a copy of altered memorandum.
Limitations
Step 1- Verifying approval within the Articles of Association
Step 2- Board meeting to notify the incidence of EGM
Step 3- Extraordinary General Meeting
Step 4- ROC Form documenting
