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Guided Requirements from your Company’s End
Documented AoA of the Company
The company’s AoA must have a clause for an increase in capital in the future. If not, the organization is required to modify the Articles as per Section 14 of the Companies Act, 2013.
Board Meeting
To approve the Increase in Authorized Capital, a board meeting is required to be organized with the board of directors.
Shareholders’ Approval
As soon as the board of directors decides to Increase Authorized Capital, the company’s shareholders must be addressed.
Adaptation in Company’s MoA
After getting approval from the Board and the Shareholders, the Company’s MoA should be modified for increasing the Authorized Capital.
Acquaint with ROC
The alteration in the company’s MoA, AoA, increase in the Authorized Capital, should be informed to the Registrar of Companies (ROC) and the Ministry of Corporate Affairs (MCA).
How we work?
- Filling up the Form and Completing Payment
- Our Specialised CA Panel will calling you for details
- Upload the Documents & Details as requested over call
- The Expert will Prepare and ask for Your Approval for Increase in Authorized Capital
- Filing and Processing of Company’s Authorized Capital Increase
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FAQ
What is an Authorized Capital for a Company?
The capital which is authorized by the memorandum of the company to be the maximum amount of share capital of the company is called the Authorized Capital of the Company. It is required to be mentioned in the company’s MoA.
How can a Company increase its Authorized Capital?
A company can increase its Authorized Capital by initiating an amendment in its AoA (if needed). Consequently, the company needs to organize a Board Meeting to get approval from the Directors and the Shareholders.
Which Act of the Indian Govt. oversees the Increase in Authorized Capital process?
The procedure of Increase in Authorized Capital for a company is regulated by the Company Act, 2013 of the Indian Govt. along with the regulations of the Registrars of Companies (ROC).
Can the Company Directors approve the Increase in Authorized Capital decision alone?
Not really. The Directors can approve the same in a Board Meeting followed by the assent of the shareholders of the company.
How much time does it take to complete the Increase in Authorized Capital process?
It completely depends on how the company itself manages to conduct the essential steps like Board Meeting organizing, approval process from the Directors – Shareholders, etc. The legal process usually takes 7-10 working days of time to be completed.