INR 4,999 /- (Govt. Fee Additional)
Strengthen Your Business Base
Now increase the authorized capital of your business in a legally-supported manner by consulting our experts at TrademarkBazaar.
The authorized capital in a company refers to the maximum number of shares a private limited company can issue. In most of the cases, companies start their business operations with the minimum authorized capital of Rs. 1 lakh but it seems to be very less for the business. To release new shares or raise the capital a company is authorized to raise, the capital clause of the Memorandum of Association needs to be modified by passing a special resolution of the board.
To bring this change into action, the permission of the Registrar of Companies (ROC) is needed along with other filing requirements.
Procedure for altering authorized share capital:
The form SH-7 should be filed within 30 days of passing the resolution with the respective Registrar of Companies, with prescribed fees and along with following attachments as desired by section 64:
a. Notice of EGM;
b. Certified True copy of Ordinary Resolution;
c. Altered Memorandum of Association.
The Registrar of Companies (ROC) will examine the E-forms and attached documents and will approve the increase in authorize share capital.
According to the section 64 of the Companies Act, 2013, where a company changes its share capital for increase in authorized share capital in accord with sub-section (1) of section 61, the company shall file a notice in the prescribed form with the Registrar within a period of thirty days of such increase along with a copy of altered Memorandum.
At Trademark Bazaar, we provide full-fledged assistance to businesses looking increase in their authorized capital.