Increase Authorized Capital
An individual at any point of time can increase the funds or capital in the company at any point in time with a plan of expansion. The individual who is keen on increasing the funds in a company needs to take an appropriate board resolution and then needs to amend the clause in the b (MoA). Increase Authorized Capital Services In Hyderabad & Bengaluru, 24efiling helps you towards the procedure and amend the clause and also update the records in MCA.
Procedure For Increasing Authorized Capital
As per Sec 2 (8) of the Companies Act, 2013 “Authorized Capital” is the capital that is authorized by the memorandum of the company to be the maximum amount of the share capital of the company. An increase in authorized share capital fees is the calculated Fee for MOA and stamp duty amount. Authorized capital increase Form (SH – 7) has to be filed with the ROC within 30 days of passing the respective resolution. The main objective of this form is to intimate the Registrar regarding the increase in the authorized capital.