The maximum limit of share capital up to which a company can issue its share to shareholders is known as authorized capital. A company is not authorized to issue paid-up capital beyond authorized capital. If the company proposes to issue shares beyond authorized share capital amount, if do so then it has to increase the authorized share capital after fluffing the particular compliance.
For increasing authorized capital company has to follow the provisions led down under section 61, section 13 and section 64 of the company’s act 2013.
➲ Article authorizes for this: Article of the company must contain the provision related to the increase of authorized capital. Means article must allow for increasing the share capital of the company. If the company article doesn’t have such provision then the first step is to amend the article of the company and add such provision.
➲ Commence Board meeting: Pass resolution for:
➲ Issue Notice of EGM: send notice to all the shareholders of the company including directors and auditor of the company at least 21days before the EGM date
➲ Commence EGM: hold EGM on the due date and passing an ordinary resolution under section 61(1)(a) for increasing the authorized share capital
➲ File form SH-7: in within 30 days from the date of passing resolution company need to file SH-7 along with following attachments;
➲ Concerned ROC (registrar of the company ) will scrutinize the form and attachment and will approve for increasing authorized share capital
Within 30 days from passing such resolution
Call or WhatsApp us on +91-99991-39391 for free consultation from our team of experts. You can also email us on firstname.lastname@example.org.
We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.
Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.
Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.
On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.
The share transfer is a process through which the transferring of share takes place between the existing person or from existing person to the third person. Transferability of shares are govern under companies article. The securities like equity share areRead More
The maximum limit of share capital up to which a company can issue its share to shareholders is known as authorized capital. A company is not authorized to issue paid-up capital beyond authorized capital. If the company proposes to issue shares beyond autRead More
The process by which Company buy-back it’s Shares from the existing Shareholders usually at a price higher than the market price is known as buyback of shares. Situation when the Company buy-back the Shares, the number of shares outstanding in the markeRead More
A Share Purchase Agreement is made between a buyer and a seller of shares of a target firm. Typically, share purchase agreements state that the buyer will assume all or a large portion of the Company’s undertakings. In this case, the purchaser would beRead More
Bespoke advisory focused on mission critical legal, financial and business aspects.
Uniquely repurpose strategic core competencies with progressive content. Assertively transition ethical imperatives and collaborative manufactured products.Write About Us
Professional and trusted service, my company needed certification from the state excise in the State of Telangana and CORPZo were so professional in their approach, be it filing of part 3 and 4 of MSME or application process with the state exice that it made my life easy.
Will always look to a team which is knowledgeable particularly when it comes to the field of alternative medicine. I had spoken to many including the government offices but was confused how to proceed with setting up of my pharma unit, CORPZo had the right professional guidance available.
They believe in transparency in business and give high regard to Customer Satisfaction. Love to work with them and Highly Recommended
I needed to apply for business related registration and receive some certificates. Their service is very professional. I researched in the market and found that they are very cost effective, so initially I was a bit doubtful, but, for my surprise, they are better than some of the big house.
Awesome and excellent services provided to me. Great and polite gestures with full professional behavior . Have got my company incorporated by corpzo. It was done within a week and have been using their accounting services ever since. They have been a real boost to my business.
© 2023 Corpzo Ventures Private Limited.