Increase Authorized Capital:
A company can increase authorized capital by filing eForm SH-7. Increase Authorized Capital & GST Registration.Similarly, subscribed capital and paid up capital of the company can be increased on filing and approval of Form PAS-3 (Return of allotment of shares).There are
1)Authorisation in Article is must for Increase
2)Calling of Board Meeting
3)Issue Notice of the Extra-ordinary General meeting (EGM)
4)Holding of General Meeting
5)ROC Form filing: File form SH-7 within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies, with prescribed fees and along with following attachments as desired by section 64:
- Notice of EGM;
- Certified True copy of Ordinary Resolution;
- Altered Memorandum of Association.
Concerned Registrar of Companies (ROC) will check the E-forms and attached documents and will approve the increase in authorize share capital.Increase Authorized Capital & GST Registration.
6)Notice to be given to Registrar for alteration of share capital