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Increase Authorized Capital of your Company

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The permitted capital of a firm is the maximum amount of money it can raise. The amount of subscribed capital or paid-up capital can never exceed the amount of approved capital as specified in the MOA and AOA’s capital clause. We assist entrepreneurs in increasing their company’s authorised capital above the MOA’s cap on capital raising capacity.


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Increase Authorized Capital

To reach its goal, any firm need funds. There are two types of finance that are ideal. A debt or loan is one in which the corporation is required to repay the investment plus interest. Another sort of investment is one in which the investor (shareholder) invests money in a firm for a longer length of time in exchange for a share of the company’s profits, sometimes known as a dividend. The investor also anticipates a rise in the value of his or her investment. Investment into the equity of a firm is limited to its authorised capital, and the allotment of new shares is regulated in terms of valuation and the first right of current shareholders.  The company has to follow the provisions of its AOA and obtain approval of the ROC while making any changes in its capital.[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row_content_no_spaces” content_placement=”middle” css_animation=”fadeInDown” row_space=”remove_padding_top” custom_background=”bg-theme” el_class=”bg”][vc_column][vc_empty_space height=”70px”][vc_column_text]

Procedure to Increase Authorized Capital of the Company

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Obtain Board of Directors Approval for Increase of Capital of Company

To decide on a new limit for authorised capital, or to change the capital provision of the MOA, the board of directors must conduct a lawfully convened meeting. The agenda for the meeting must be included in the notice provided to the directors, and we recommend incorporating the proposed resolution so that the directors arrive prepared. For board meetings, we highly advise adhering to the ICSI criteria outlined in SS-1.

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Convene an Extraordinary General Meeting (EGM) of Shareholders

The next obvious step is to seek approval from the company’s shareholders. Only a valid extraordinary general meeting can make a decision on behalf of shareholders. To call an EGM, the board of directors must send notice to every company shareholder at least 21 days before the meeting. The agenda and draught of the proposed resolution to be passed as a special resolution must be included in the EGM notification.

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Filing of Special Resolution to Roc in Form -MGT-14

A special resolution is one in which more than 75% of the voting rights are used to make a decision. Once adopted by the EGM, the special resolution is presented to the ROC for approval. Within 30 days following the resolution’s passage, a certified copy of the resolution is filed in Form -MGT-14 with the necessary fee. The form must include the revised MOA as well as a copy of the minutes from the EGM meeting where the special resolution was passed.

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Filing of application for Increase in Authorized Capital in SH-7

The authorized director must file an application in Form SH-7 with the pertinent ROC with attachments such as a copy of the revised MOA & AOA, Special Resolution, and so on, once the shareholders’ permission is acquired through the passing of the special resolution in the EGM. The company’s authorized capital has increased as a result of the approval of the SH-7.

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(All Inclusive)

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