Details

Authorized capital is the maximum amount of capital that a company is authorized to issue to its shareholders. Increasing the authorized capital is essential when a company plans to expand its operations, raise additional funds, or issue new shares. The process of increasing authorized capital involves altering the company’s Memorandum of Association (MOA) and Articles of Association (AOA) and obtaining approval from the Registrar of Companies (ROC). eFiling Guru simplifies this process by providing end-to-end support for increasing your authorized capital.

Why Opt for Increasing Authorized Capital Services?

Increasing the authorized capital involves several legal procedures and documentation, including conducting board meetings and passing resolutions. Any mistake during this process can lead to non-compliance and penalties. eFiling Guru ensures that the entire process is carried out professionally and accurately, minimizing risks and delays.

Key Benefits of Increasing Authorized Capital

1. Business Expansion: Allows the company to raise more capital by issuing new shares.

2. Financial Flexibility: Enhances the company’s ability to meet future funding needs.

3. Investor Confidence: Shows readiness for growth and expansion.

4. Compliance Assurance: Meet all regulatory requirements without any hassle.

Eligibility for Increasing Authorized Capital

• Board Resolution: Approval from the Board of Directors.

• Shareholders’ Consent: Approval from shareholders through a special resolution.

• Alteration of MOA and AOA: Necessary changes to the Memorandum and Articles of Association.

• ROC Filing: Filing of Form SH-7 with the ROC within the prescribed time.

Post-Registration Compliance

• Updation of Company Records: Update company records to reflect the increased capital.

• Statutory Registers Update: Update the Register of Members and Share Capital.

• Amendments to MOA and AOA: Reflect the new authorized capital amount.

• Filing Annual Returns: Ensure that the increased capital is recorded in annual filings.

Our Capital Increase Process

1. Documentation: Collect and verify required documents.

2. Board Meeting: Conduct a board meeting and pass a resolution for capital increase.

3. Shareholders’ Meeting: Obtain shareholders’ approval through a special resolution.

4. ROC Filing: File Form SH-7 and other necessary documents with the ROC.

5. Compliance Check: Verify the successful update of authorized capital in the company records.

Get your authorized capital increased without any complications with eFiling Guru. Contact us today to get started!