Share capital is a major source of funding for the companies. There can be various reasons for increase in authorised share capital of the company such as company may requires more funds for diversifying itself and its paid up capital is already at par with its authorised capital. In such situations companies are required to increase its authorised capital before increasing its paid up capital.
Note: Our calculator for Increase in Authorise capital will help you in calculating actual stamp duty on Increased Authorise capital
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Pass resolution for increase in authorised share capital subject to approval of shareholders.
Hold general meeting and take approval of shareholders and file the specified form within the prescribed time limit.
Preparation of Memorandum of Association of the Company.
File form SH-7 within 30 days of passing shareholder resolution.File form MGT 14 within 30 days, if resolution is passed through special resolution.
Once we receive all the required documents, it takes 6-7 working days to Increase in Authorise capital of the company subject to time taken by government in processing the documents.