Bizpole - Change in Authorised Share Capital

Why would a company need a fresh capital raise?

Expansion of operations and business
Increase in size, scale and structure
Increase in share capital
Enhances borrowing capacity

Is there a limit to the increase in authorised capital?

The limit for the authorised capital is specified in the Memorandum of Association under the Capital Clause according to Section 2(8) of the Companies Act, 2013.
This means that companies cannot issue shares that exceed the authorised capital limit.

Changing your company’s authorised capital made easy!

Here’s everything you need to know:

Documents Required
Process

Digital signature certificate
Memorandum of Association
Articles of Association
Certificate of incorporation
PAN card

Step 1: Verify with the AoA

Examine the company's AoA to see if raising its authorized capital is permitted. You must pass a special resolution to amend the AoA if it is not authorized.

Step 2: Organise a meeting

Hold a board meeting to determine the day, date, time, and location of the extraordinary general meeting as well as to increase the company's authorized capital.

Step 3: Pass the resolution

Approve a resolution requesting shareholder approval at the extraordinary general meeting, including any forms that may be required and the deadline for their submission.

Step 4: Modify the MoA

Change the company's memorandum of association to add the required amount of authorized shares.

Step 5: File forms according to the resolution

After the shareholders' resolution has been approved, submit form SH-7 to the registrar of companies within 30 days. You must also submit form MGT-14 within 30 days of the resolution's passage if it is approved as a special resolution.

Trusted by startups, small businesses,
and Fortune 1000 companies

Gouri Santhosh

Pullamkuzhi builders and developers private limited

Bizpole is a company with great expertise in the domain of company incorporation and compliance. The company has a team of people who are highly cooperative and helpful.

Ashwini

Samedreamz Pvt Ltd

Bizpole has very competitive pricing and great service. Had an effortless experience in registration and valuable customer support.

Aju K Rajan

Avizakta Enterprises

Thank you so much Bizpole Team for all the support and assistance in getting a trademark for my Cakeshop. I would recommend Bizpole to anyone without any doubt.

Kadavath Ahamed Reyas

Spice Producer Company

I had zero knowledge of procedures or the legal parts of LLP. Consulting Bizpole was one of the best decisions I took. From incorporation to IT filing operation, they helped me out with everything. I am thoroughly satisfied with their service.

Redefining the Authorized Capital

Why would a company need a fresh capital raise?

Is there a limit to the increase in authorised capital?

Changing your company’s authorised capital made easy!