Increase of Authorised Capital
Increase of Authorised Capital
Increasing the authorised share capital of a company requires passing an ordinary resolution at a general meeting to alter the capital clause of the MOA. Form SH-7 must be filed with the MCA within 30 days along with the prescribed filing fee (based on the amount of increase). This is necessary before issuing new shares beyond the current authorised limit.
Important Points:
- Ordinary resolution required at general meeting
- File Form SH-7 with MCA within 30 days
- Government fee depends on the amount of increase
- Prerequisite for any further share allotment beyond current authorised capital
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