Increase in Authorised Share Capital - Professionals - Legal - TIK Share
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Increase in Authorised Share Capital


SANJAY KUMAR GANNA

2014-01-25

Procedure to Increase Authorised Share capital vary easy:

1. Convene the Board Meeting Decide about the Quantum of Increase etc.

2. Fix Date, Time and place to convene EGM.

3. Pass necessary Resolution at EGM

4. Point shall be considered is that whether is there necessary to Alter Articles of Association or Alteration of MOA is enough.

5.  File Form 23 and Form 5 in MCA portal if AOA and MOA altered otherwise Form -5 will serve the requirement(only MOA altered)

6. For Allotment of shares Form 2 is applicable. and shall be filed after approval of Form 5.

After reading the steps it looks very easy however required documents Format is given here below:- (All the Documents are required if AOA and MOA is altered and For Private limited Company)(increase of Share capital from 5 Lac to 1 Crore denomination of Rs 10 Each)

 

 

NOTICE Format

 

Notice is hereby given that the Extra- Ordinary General meeting of Name PRIVATE LIMITED be held on 27TH January, 2014 at 11.00 A.M. at its registered office at the registered office to conduct the following business:

 SPECIAL BUSINESS

 

1.         Increase in Authorised Capital

 

RESOLVED THAT pursuant to section 94 and other applicable provisions if any, of the Companies Act, 1956, the Authorised capital of the Company be and is hereby increased from Rs. 5,00,000/- (Rupees Five Lacs only) divided into 50,000 (Fifty Thousand) Equity Shares of Rs. 10/- (Ten) each to Rs.1,00,00,000 (Rupees One Crore only) divided into 10,00,000/- (Ten Lacs) equity shares of Rs. 10/-(Ten) each, by further addition of Rs. 95,00,000/-( Rupees Ninty Five Lacs only) divided into 9,50,000 (Nine Lac Fifty Thousand) equity shares of Rs. 10/-(Ten) each.” 

FURTHER RESOLVED THAT the existing clause V of the Memorandum of Association of the Company be altered by substituting the same with the following clause V and the existing clause V shall always be deemed to have been substituted by the following: 

“The Authorised Share Capital of the company is Rs. 1,00,00,000/- (Rupees One Crore only) divided into 10,00,000 (Ten Lac) Equity Shares of Rs. 10/- (Rupees Ten) each.” 

FURTHER RESOLVED THAT Mr Name of Director, Director of the Company be is hereby authorized to file the necessary forms and return with the Registrar of Companies in this regard.

                                                                                                              By the Order of the Board

                                                                                                             For Name of Company PRIVATE LIMITED 

 

 

Date: 06.01.2014

Place: Bangalore                                                                                  (Name of Director) DIRECTOR

 

 

NOTES:

 

i)                    A member entitled to attend and vote is entitled to appoint proxy to attend and vote instead of himself and the proxy need not be the member of the company.

ii)                   Explanatory statement pursuant to section 173(2) of the Companies Act, 1956, is annexed hereto.

EXPLANATORY STATEMENT PURSUANT TO SECTION 173(2) OF THE COMPANIES ACTS, 1956.

 

ITEM NO. 1

 At the Board meeting held on 30th December, 2013 Mr Name of Director, Director of the Company put forward the proposal to increase the Authorised Share Capital of the Company. The Board of Directors discussed the same and are of the opinion that the Authorised capital of the Company needs to be increased from Rs. 5,00,000/- (Rupees Five Lacs only) divided into 50,000 (Fifty Thousand) Equity Shares of Rs. 10/- (Ten) each to Rs.1,00,00,000 (Rupees One Crore only) divided into 10,00,000/- (Ten Lac) equity shares of Rs. 10/-(Ten) each, by further addition of Rs. 95,00,000/-( Rupees Ninty Five Lacs only) divided into 9,50,000 (Nine Lac Fifty Thousand) equity shares of Rs. 10/- (Ten) each.

As a result of increase in the authorised capital the clause V of the Memorandum of Association is also required to be suitably amended.

Your Directors recommend the above as Ordinary/Special Resolution.(as per Article of Association)

None of the Directors may be deemed to be concerned or interested in this resolution.

 

 

                                                                                                             By the Order of the Board

                                                                                                             For Name of Company PRIVATE LIMITED

 

 

 

Date: 06.01.2014

Place: Bangalore                                                                                  (Name of Director)DIRECTOR 

EXTRACTS OF THE MINUTES OF THE EXTRA - ORDINARY GENERAL MEETING OF  SAI MEGHANA ELECTRONICS PRIVATE LIMITED HELD ON 27TH JANUARY, 2014 AT 11.00 A.M. AT ITS REGISTERED OFFICE AT Address..... .

 

SPECIAL BUSINESS

 

1.         Increase in Authorised Capital 

RESOLVED THAT pursuant to section 94 and other applicable provisions if any, of the Companies Act, 1956, the Authorised capital of the Company be and is hereby increased from Rs. 5,00,000/- (Rupees Five Lacs only) divided into 50,000 (Fifty Thousand) Equity Shares of Rs. 10/- (Ten) each to Rs.1,00,00,000 (Rupees One Crore only) divided into 10,00,000/- (Ten Lac) equity shares of Rs. 10/-(Ten) each, by further addition of Rs. 95,00,000/-( Rupees Ninty Five Lacs only) divided into 9,50,000 (Nine Lac Fifty Thousand) equity shares of Rs. 10/- (Ten) each.

FURTHER RESOLVED THAT the existing clause V of the Memorandum of Association of the Company be altered by substituting the same with the following clause V and the existing clause V shall always be deemed to have been substituted by the following:

“The Authorised Share Capital of the company is Rs. 1,00,00,000/- (Rupees One Crore only) divided into 10,00,000 (Ten Lac) Equity Shares of Rs. 10/- (Rupees Ten) each.”

FURTHER RESOLVED THAT Mr Name of Director, Director of the Company be is hereby authorized to file the necessary forms and return with the Registrar of Companies in this regard.”

 

 

Certified True Copy                                    By the Order of the Board

                                                                  For Name of Director PRIVATE LIMITED

 

 

 

Date: 27.01.2014

Place: Bangalore                                   (...............................)     (...........................)

                                                                  DIRECTOR                          DIRECTOR

 

 

 

TO WHOMSOEVER IT MAY CONCERN

 CERTIFICATE

 

This is to certify that the following is the true extract from the Minutes Books of the Extraordinary General Meeting of ............ PRIVATE LIMITED held on 27th January, 2014 at the registered office of the company at 11.00 A.M. and the following resolution has been duly passed and recorded therein:

 

RESOLUTION PASSED:

“RESOLVED THAT the authorized share capital of the company be increased from Rs. 5,00,000 (Rupees Five Lacs only) to Rs. 1,00,00,000 (Rupees One Crore only) and accordingly the existing Capital Clause (i.e. Clause V) of the Memorandum of Association be amended by substituting with the following Clause:

 

V- The Authorization Capital of the company is Rs. 1,00,00,000/- (Rupees One Crore) divided into 10,00,000/- (Ten Lac) equity shares of Rs. 10/- (Rupees ten only) each”

 

SPECIAL RESOLUTION PASSED:

RESOLVED THAT the authorized capital of the company be increased from Rs. 5,00,000 (Rupees Five Lacs only) to Rs. 1,00,00,000 (Rupees one crore) and accordingly the existing Article No. 3 be amended by substituting with the following clause:

 

Article 3. The Authorized share capital of the company is Rs. 1,00,00,000/- (Rupees One Crore only) divided into 10,00,000 (Ten Lac) Equity shares of Rs. 10/- (Rupees Ten only) each. The Share capital of the Company (Whether original, increased or reduced) may be subdivided into such classes of shares as may be allowed by the law for the time being related to Companies, with such privileges, rights, as may be attached and to be held upon such terms as may be prescribed by the Articles of Association”.

             

                                                                                 For ........................PRIVATE LIMITED

 

 

 

Date: 27.01.2014

Place: Bangalore                                   (..............................)     (.........................................)

                                                                        DIRECTOR                          DIRECTOR

  

TO WHOMSOEVER IT MAY CONCERN 

CERTIFICATE

 

This is to certify that the following is the true extract from the Minutes Books of the Board Meeting of ................... PRIVATE LIMITED held on 27th January, 2014 at the registered office of the company at 3.00 P.M. and the following resolution has been duly passed and recorded therein:

 

RESOLUTION PASSED:

RESOLVED THAT the new allotment of 9,50,000 equity shares made at par with the existing shares, to the following persons, be made as under and is hereby approved:

 

ALLOTTEES NAME

Shares Allotted

Per share (Rs.)

Total Amount

(Rs.)

 

     

TOTAL

 

 

 

                                                             

                                                                 For ............................. PRIVATE LIMITED 

 

Date: 27.01.2014

Place: Bangalore                                   (..............................)     (..........................)

                                                                  DIRECTOR                          DIRECTOR

CA AJAY MAURYA

2015-03-03

@ Sanjay Very nice article

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