Increase in Aauthorized Capital
Authorized capital means the maximum value of securities that a company can legally issue. Value of company’s authorized share capital including number of shares and value per share is specified in the capital clause of memorandum of association or MOA while incorporating a company in India. Procedure for Increase in Authorize share Capital:
- Authorization in Article is must for Increase.
- Calling of Board Meeting.
- Issue Notice of the Extra-ordinary General meeting (EGM).
- Holding of General Meeting.
- ROC Form filing:
5a. Notice of EGM.
5b. Certified True copy of Ordinary Resolution.
5c. Altered Memorandum of Association.
5d. Concerned Registrar of Companies (ROC).