Increase Authorized Capital

Need to Increase authorized Capital?

Increase authorized Capital Services Starting at Just Rs.3,499/- onwards (Inclusive of all Govt. Fees).

About Increase in Authorised Capital

The maximum number of shares a private limited company can issue is decided by its authorised capital. Most start-ups start their journey with the minimum of Rs. 1 lakh, but this is too little as the business grows. To issue new shares or raise the capital a company is authorised to raise, the capital clause of the Memorandum of Association needs to be amended by passing a special resolution of the board. If, at this point, you may also need shares to be issued to existing promoters or new shareholders.

Procedure to Increase the Authorised Capital of a Company:

In order to increase your Authorised share capital of your company, it should be permitted by your Articles of Association. In short, the company should make sure that its AOA contains a provision authorising it to increase its authorised share capital.

If there is no such provisions, then the company has to make changes in its Articles of Association, so as to insert a clause enabling them to increase the authorised capital of the company.

The Board of Directors in their meeting approve the increase of authorised capital, and fix a date, time and venue for holding Extra-Ordinary General Meeting to get the approval of shareholders.

Notice has to be issued to the shareholders for conducting Extra-Ordinary General Meeting, also to the Directors and Auditors of the Company.

Hold the EGM on the due date and pass the necessary resolution for increasing the authorised capital of the company.

File Form SH-7 within 30 days from the date of passing the resolution with the Registrar of Companies along with the prescribed fee.

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Successfully Increase Capital

Answer a few simple questions

You only need to spare 15 minutes!
Provide us with the details of increased authorized capital
Upload required documents
Opt for a convenient payment option

Let us do all the filing
work

Drafting of necessary resolutions for the procedure
Filing necessary documents with ministry of corporate affairs

Your Authorized Capital is increased

All it takes is 10 working days*
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Best in class customer care support

Issuing New Shares?

To Existing Promoters

If you are increasing the authorised capital and issuing new shares to existing promoters, a board meeting needs to be called and Form PAS-3 needs to be filed with the Registrar of Companies (RoC), intimating the allotment of shares.

To New Shareholders

Issuing shares to new shareholders is a complicated procedure, necessitating a valuation report from a chartered accountant.

Increase in Authorized Capital

The authorized capital is the maximum amount of capital which a Company can raise through the issue of shares to its shareholders. Authorized share capital is mentioned in the Memorandum of Association of the company. Up to this amount the company can raise capital. But a company may during its course of business operation require additional capital for expansion, meet working capital requirements etc. An increase in authorized capital is being required for issuing new shares and inducting more capital into the Company. This process is complicated and takes a significant time as it requires, permissions of the Registrar of Companies (ROC) and other filing requirements.

Authorised Capital is the maximum amount for which a company issue shares. Companies have to pay fees to Government depending on Authorised Capital. Minimum Authorised Capital of any Private Limited Company can be Rs. 1 Lakh and for a Public Limited Company Rs. 5 lakh. Company may require increase in Authorised Capital for introducing more capital to it. For increasing the Authorised Capital, the company has to pay Stamp Duty to the State Government and the ROC Fees. The Stamp Duty amount varies from state to state. Amount of RoC Fees and Stamp Duty depends on incremental amount of Authorised Capital and State in which the Registered Office of the company is situated.

Increase Authorized Capital

Bank loans according to share capital

Increase in number of shares

Capital of promoters can be increased

FAQ

What is Authorised capital?

The maximum value of securities that a company can legally issue. This number is specified in the memorandum of association, when a company is incorporated.

Can Authorise Capital alter?

Yes, Authorise Capital is alterable.

How to alter Authorise Share Capital?

Can be changed with shareholders' approval.

When the additional duty is levied?

After 30 days of passing ordinary resolution additional duty being levied upon the company.

How much is Additional charges?

Up to 15 days = 1 time of normal filing fees.
More than 15 days up to 30 days = 2 times of normal filing fees.
More than 30 days up to 60 days= 4 times of normal filing fees.
More than 60 days up to 90 days= 6 times of normal filing fees.
More than 90 days up to 180 days= 10 times of normal filing fees.
More than 180 days up to 270 days= 12 times of normal filing fees.

How can I do this through online with Businessgig India?

Just provide the soft copy of your companies MOA, AOA and certificate of Incorporation. We would complete all the documents and send you the draft as soft copy for approval. Once you are satisfied with the draft, kindly sign and send us the scanned copy of the same. All this can be done through online, where your time would be saved and paper works will be reduced.

How much time does it take to complete the process through online?

The time taken depends upon the response from your end. Normally if we are furnished with proper documents we could compete it within 10 days of time. If there is any complication or delay in providing the documents, the time taken for the process may vary.

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