Increasing authorized share capital and issuing new shares. (or) Transferring shares from existing shareholders to the new shareholders. In most cases, new shares are issued and authorized capital is increased.
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The documents must be filed within 30 days after obtaining consent from boards for the share capital increase with the MCA (Ministry of Corporate Affairs). The resolution passed is notified in MGT-14 and notice of increase is filed in SH-7
A limited company shall file form SH-7 with the Registrar of Company within the period of period of 30 days of such alteration along with the following attachment:-
Authorized capital is a maximum share capital of the company which sets limit within which the shares are issued by the company.
The Ordinary Resolution in General Meeting is required to be passed for increasing the authorized share capital.
A. Form SH 7 is required to be filed with the resolution passed in general meeting and amended MOA within 30 days of passing the resolution.
Yes, the increase in authorized capital will be reflected in the Master Data of the company on the MCA portal.
The fees that is required to be paid will depend on the paid-up capital of the company.
Shareholders of the company with the majority voting rights have the power to increase the authorized share capital of the company.