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337,AMBEY VELLY ARCADE OPP.SENTOSA HEIGHTS,UTRAN Chorasi Surat GJ 394105 IN

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+91 94094 94121

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Authorized Capital Increase

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Increase in authorised capital of upto Rs.10 lakhs.

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Pricing Summary

Market Price: ₹7000
IGLI FINANCIAL: ₹4227 excl.GST
 : ₹4899 incl.GST
GST Credit: ₹672
You Save: ₹2773(40%)
Government Fee: Including

    Overview

    Each business needs more funds over time to run business. These funds can be required on a long- and short-term basis. A short-term need can be satisfied by taking loans and advances. But for the run, the company will require more funds. For a Private Limited Company, this can be done by increasing the authorized capital of the company. Since the private limited company is governed and regulated under the Company Act to make changes in the structure it is necessary to follow the Act and the rules stated.

    While registering the Private Limited Company the authorized and paid-up capital is specified in the MOA of the company. The company can therefore issue new shares within the limit of the authorized capital mentioned in the MOA. If the company wishes to issue more shares than the limit that is specified then amendments need to be done in the MOA.

    A company may need to increase the authorized share capital before it is issuing new equity shares and increasing the paid-up capital. As authorized share capital is the total value of the shares a company can issue. The paid-up capital is the total value of the shares of the company that have been issued.

    The Paid-up capital does not exceed the authorized capital. Hence, if the company has authorized capital of Rs.10 lakh and paid-up capital of Rs.10 lakhs would like to induct new shareholders then it can be done by:

    • Increasing the Authorized share capital and issuing new shares (or)
    • Transferring shares from the existing shareholders to the new shareholders.

    Process

    Verify AOA of the Company

    Before starting with the procedures for increasing the authorized share capital it is necessary to verify the AOA to ensure that there is a provision in the Articles of Association referring to the increase of the authorized share capital. If there is no such provision then the company must first make changes to the AOA of the company.

    Note: Most of the AOA’s have the provision for increasing the authorized share capital of the company.

    Convene a Board Meeting

    It is necessary to convene a Board meeting by providing notice to Director to increase the authorized share capital of the company. At the Board meeting, it is necessary to obtain approval from the Board of Directors for increasing the authorized share capital.

    After this whole procedure, a date should be fixed to conduct an Extra-ordinary General meeting to obtain the approval of the shareholders for increasing the authorized share capital and make changes to the MOA of the Company.

    At last get the approval of the Board of Directors, the company secretary who is present at the meeting to present the notice of Extraordinary general meeting to the shareholders. Basing the approval, the notice of extraordinary general meeting should be presented to all the shareholders, directors, and auditors of the company.

    Extra-Ordinary General Meeting

    Conduct the extraordinary general meeting and obtain the approval of the shareholders to increase the authorized share capital on the time, date, and place that is mentioned on the notice.

    The approval of the shareholders to increase the authorized capital must be in the form of an ordinary resolution.

    File ROC Forms

    After the ordinary resolution is passed at the Extraordinary general meeting Form SH7 should be filed by the company within 30 days of passing the ordinary resolution. The prescribed government fee for the authorized capital must be paid and the documents mentioned below must be attached.

    • Notice related to the Extraordinary General Meeting
    • Authorized True copy of the ordinary resolution
    • The changed Memorandum of Association (Which depicts the higher authorized capital)

    If the procedure mentioned in the Companies Act and the Companies Rules are followed to increase the authorized capital of the company then the registrar would approve the filing and increase the authorized share capital of the company. 

    Allotment of Shares

    Once the authorized share capital is increased the paid-up share capital of the company can be increased by issuing the fresh equity shares.

    FAQs

    The authorized share capital of the Company is mentioned in Clause V of the MOA.

    Form MGT 14 and SH 7 are required to be filed with the Registrar within 30 days from the date of passing the resolution for the increase in authorized share capital.

    A company is required to increase the authorized share capital before issuing the new equity shares and increasing the paid-up capital. The Authorised share capital is the total value of the shares a company can issue.

    Private Limited Companies are required to have a minimum authorized share capital of Rs.1 lakh and Rs.5 lakh for public limited companies

    Yes, it is necessary to increase the authorized share capital of the company.

    Verify the AOA Convene Board meeting Extraordinary general meeting File ROC forms Allotment of shares.

    Email

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    +91 9409494483

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    • Upto 4 name options can be given in 1 RUN name approval request.
    • Authorised capital is the amount of shares a company can issue at anytime and can be increased further in the future. Paid-up capital is the amount invested by shareholder and can be even Rs.2.
    • Additional Directors can be added for an additional price of Rs.1199 - if DSC & DIN is available. In case no DIN or DSC is available, cost for adding additional Director will be Rs.2,199 inclusive of GST.
    • Additional authorised capital can be purchased if requried at time of incorporation.
    • Digital signatures from eMudhra with 2 year validity along with ePass 2003 token
    • Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. IGLI FINANCIAL will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
    • In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10, 000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
    • Upto 4 name options can be given in 1 RUN name approval request.
    • Authorised capital is the amount of shares a company can issue at anytime and can be increased further in the future. Paid-up capital is the amount invested by shareholder and can be even Rs.2.
    • Additional Directors can be added for an additional price of Rs.1199 - if DSC & DIN is available. In case no DIN or DSC is available, cost for adding additional Director will be Rs.2,199 inclusive of GST.
    • Additional authorised capital can be purchased if requried at time of incorporation.
    • Digital signatures from eMudhra with 2 year validity along with ePass 2003 token
    • Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. IGLI FINANCIAL will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
    • In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10, 000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
    • Government Fee & Stamp Duty* ( Limited Including )
    • 2 Digital signatures from eMudhra with 2 year validity along with ePass 2003 token.Second List Item
    • Upto 4 name options can be given in 1 RUN name approval request.Third List Item
    • Additional Partners can be added for an additional price of Rs.1199 - if DSC & DIN is available. In case no DIN or DSC is available, cost for adding additional Partner will be Rs.2,199 inclusive of GST.
    • Government Fee & Stamp Duty* ( Limited Including )
    • 2 Digital signatures from eMudhra with 2 year validity along with ePass 2003 token.Second List Item
    • Upto 4 name options can be given in 1 RUN name approval request.Third List Item
    • Additional Partners can be added for an additional price of Rs.1199 - if DSC & DIN is available. In case no DIN or DSC is available, cost for adding additional Partner will be Rs.2,199 inclusive of GST.
    • IGLI FINANCIAL shall not be responsible for any delay in making of the requisite filings and the client is solely responsible for the delay and any penalty that may be levied on account of such delay. The client should be aware of the due dates and compliances inter-alia under various laws, acts, regulations and rules and we are solely responsible for compliances under all applicable laws and shall be responsible for payment of any penalty or losses that arise on account of non-compliance of any applicable laws, rules, regulations and acts.
    • The above pricing is applicable for businesses with turnover upto 30 lakhs . In case of larger business, extra charges would be applicable.
    • All data provided by the Client will remain confidential with IGLI FINANCIAL unless pursuant to any order or requirement of a court, administrative agency, or other governmental body.
    • The client will be responsible for verifying the information contained in such returns and/or filings prior to approving/signing such return/filing.IGLI FINANCIAL shall not be responsible for any liability that may arise on account of the information being false and/or incomplete.
    • IGLI FINANCIAL shall not be responsible for any delay in making of the requisite filings and the client is solely responsible for the delay and any penalty that may be levied on account of such delay. The client should be aware of the due dates and compliances inter-alia under various laws, acts, regulations and rules and we are solely responsible for compliances under all applicable laws and shall be responsible for payment of any penalty or losses that arise on account of non-compliance of any applicable laws, rules, regulations and acts.
    • The above pricing is applicable for businesses with turnover upto 30 lakhs . In case of larger business, extra charges would be applicable.
    • All data provided by the Client will remain confidential with IGLI FINANCIAL unless pursuant to any order or requirement of a court, administrative agency, or other governmental body.
    • The client will be responsible for verifying the information contained in such returns and/or filings prior to approving/signing such return/filing.IGLI FINANCIAL shall not be responsible for any liability that may arise on account of the information being false and/or incomplete.
    • Strict confidentiality requirements will be met with no disclosure by us to other parties without your consent, unless otherwise required by law or professional obligation. You may provide us with permission to disclose your confidential information in certain circumstances, or place conditions on the disclosure of certain confidential information. If you do so, we will have permission to disclose the relevant information accordingly, in the performance of our services, unless you instruct us otherwise in writing.
    • The client will be responsible for verifying the information contained in such returns and/or filings prior to approving/signing such return/filing. IGLI FINANCIAL shall not be responsible for any liability that may arise on account of the information being false and/or incomplete. IGLI FINANCIAL shall not be responsible for any delay in making of the requisite filings and the client is solely responsible for the delay and any penalty that may be levied on account of such delay. The client should be aware of the due dates and compliances inter-alia under various laws, acts, regulations and rules.
    • The client will be responsible for paying all types of government fee, penalty, statutory audit fees and taxes associated with the engagement. IGLI FINANCIAL Accountants are only responsible for preparation of accounting and statutory returns. The Client is responsible for the reliability, accuracy and completeness of the accounting records, particulars and information provided and disclosure of all material and relevant information. Clients are required to arrange for reasonable access by us to relevant individuals and documents, and shall be responsible for both the completeness and accuracy of the information supplied to us. Any advice given to the Client is only an opinion based on our knowledge of the Client's particular circumstances
    • Strict confidentiality requirements will be met with no disclosure by us to other parties without your consent, unless otherwise required by law or professional obligation. You may provide us with permission to disclose your confidential information in certain circumstances, or place conditions on the disclosure of certain confidential information. If you do so, we will have permission to disclose the relevant information accordingly, in the performance of our services, unless you instruct us otherwise in writing.
    • The client will be responsible for verifying the information contained in such returns and/or filings prior to approving/signing such return/filing. IGLI FINANCIAL shall not be responsible for any liability that may arise on account of the information being false and/or incomplete. IGLI FINANCIAL shall not be responsible for any delay in making of the requisite filings and the client is solely responsible for the delay and any penalty that may be levied on account of such delay. The client should be aware of the due dates and compliances inter-alia under various laws, acts, regulations and rules.
    • The client will be responsible for paying all types of government fee, penalty, statutory audit fees and taxes associated with the engagement. IGLI FINANCIAL Accountants are only responsible for preparation of accounting and statutory returns. The Client is responsible for the reliability, accuracy and completeness of the accounting records, particulars and information provided and disclosure of all material and relevant information. Clients are required to arrange for reasonable access by us to relevant individuals and documents, and shall be responsible for both the completeness and accuracy of the information supplied to us. Any advice given to the Client is only an opinion based on our knowledge of the Client's particular circumstances
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