Simple and seamless Increase Authorize Capital with Taxoutlook experts
#Govt. fees additional as per actuals
Features
What's Included
Get your Authorised Capital increased quickly and easily online with TAXOUTLOOK in 3 Simple Steps
Our experts provide you all the information needed
You share us all the relevant documents
Relax!!We will get the things done
Authorized Capital is the maximum amount of capital for which shares can be issued to its shareholders. It is mentioned in the MOA under the Capital clause. It is also referred to as Nominal capital or registered capital.
Due to business requirements, where funds need to be invested further, the company has to increase its authorized capital.
As per Section 2(8) of the companies Act, 2013, authorized capital is the capital authorized by the MOA to be the maximum amount of share capital of the company.
The authorized share capital of a company can be increased under section 61 (1) of the companies Act 2013. It can be increased to any amount as the company may think sufficient for its expansion. The increase in authorized capital has to be approved by members in general meeting of the company. The AOA has to be checked for authorization for making changes in the capital. If there is no mention of authorization for change in capital in AOA, then AOA needs to be amended for providing authorization for change in capital. Authorization in articles (AOA) is a pre-condition for increasing authorized capital.
Our compliance expert will be in touch with for the documents. Once you share these documents, we will complete the below process.
1. AOA to be checked for authorization for increasing the authorized share capital.
2. Hold Board meeting to get in principle approval, approve notice for Extra-ordinary general meeting of member along with explanatory statement.
3. Hold Extra-ordinary general meeting of the members and pass ordinary resolution for amendment in authorized share capital clause of Memorandum of Association.
4. File form SH-7 with Registrar of Companies (RoC) with a copy of Notice of EGM, Certified true copy of ordinary resolution along with explanatory statement and altered Memorandum of Association.
5. Registrar of companies will check the filed forms and provide the approval for increase in authorized share capital.
You don’t have to worry about the above process as our Compliance experts will help you in getting the company registration smoothly, quickly and hassle-free.
Share
A share represents a unit of the ownership in a company. In other words, if you are a shareholder of a company, you hold a percentage of ownership of the said company in proportion to share you have subscribed or bought.
Shareholders/Members
Every person holding a share certificate is called a shareholder/member of the company. The shareholder’s name is entered in the Register of members maintained by the Private Limited company
Memorandum of Association
Memorandum of Association is the Charter/Constitution of the company. It defines the objects of the company both primary objects and incidental objects for which the company is formed. It also includes details related to Capital, Name, Registered office, Authorised capital, Liability clause. The shareholders approve and sign the MOA on Incorporation which is called subscribing to MOA.
Articles of Association
Articles of Association are bye laws of the company that govern the internal management and conduct of the business of the company. AOA is part of the MOA and is governed by the MOA of the company. It regulates the relationship between the company and its shareholders, as well as between the shareholders itself.
Share capital
Share capital refers to the amount invested in the company for carrying its stated operations.
Authorised Share capital
It is the Maximum amount of capital for which shares can be issued to its shareholders. It is mentioned in the MOA under Capital clause.
Paid-up capital
It is the actual amount of Shares issued to its shareholders and the money has been received from the shareholders. Paid up share capital is the subset of Authorised capital.
Benevolence Engineers Taxoutlook has been extensively supporting us in our GST and Income tax compliance. We greatly appreciate their team for their amazing support
Experienzing Consulting Solutions LLP My relationship with Taxoutlook and Team has been excelled and all our tax related matters are handled very well. Am so lucky to have such a good team who are well versed in the field.
Benevolence Engineers Taxoutlook has been extensively supporting us in our GST and Income tax compliance. We greatly appreciate their team for their amazing support
Viha Sound Productions LLP My relationship with Taxoutlook and Team has been excelled and all our tax related matters are handled very well. Am so lucky to have such a good team who are well versed in the field.
From Registering your business to Managing your compliances , You get all the required support in one place.
We PARTNER with clients and provide continued support for your compliance needs with our dedicated in-house experts.
We ensure 100% accurate filings. This is made possible through our second level in-house audit team.
Every Client and work is different. We understand this perfectly, and therefore we follow a fit to purpose approach.
Trust is our strength and with every client placing faith on us. We scale even greater heights together.
We ensure reasonable pricing to ensure Quality Services
