Raise Authorised Share Capital of Your Company

1.Check the Article of Association of the Company: Check whether Articles of Association of Company contain a provision authorizing it to increase its Authorized Share Capital.

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If there is no such provision in Articles then appropriate steps required to be taken to amend its Articles.

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2.Convene a Meeting of Board of Directors and pass the necessary Board Resolutions:

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To consider and approve increase of Authorized Share Capital and altering the Memorandum of Association, subject to the approval of shareholders in General Meeting.

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To fix day, date, time and venue for holding General Meeting of the Company.

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To approve the draft notice of General Meeting along with explanatory statement annexed to the notice as per requirement of the Section 102 of the Companies Act, 2013.

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To authorize the Director or Company Secretary to sign and issue notice of the General Meeting and to do such acts, deeds and things as may be necessary to give effect to the Board’s decision.

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3.Convene General Meeting : Notice of General Meeting shall be given at least clear 21 days before the actual date of a General Meeting in writing, by hand or by ordinary post or by speed post or by registered post or by courier or by facsimile or by e-mail or by any other electronic means or a Shorter Notice can be issued with the consent of at least majority in number and ninety five percent of such part of the paid up share Capital of the company giving a right to vote at such a meeting in accordance with Section 101.

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Notice shall specify the day, date, time and full address of the venue of the Meeting and contain a statement on the business to be transacted at the Meeting.

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Hold the General Meeting on the fixed day and pass an Ordinary Resolution for increasing the Authorized Share Capital and make relevant changes in the Memorandum of Association (MOA).

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4.File Form SH-7 with the ROC: File a notice of alteration of Share Capital with the Registrar in E-Form SH-7along with the prescribed fee within 30 days of such alteration along with the following documents:

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Certified true copy of Ordinary Resolution for increase in Authorized Share Capital

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Copy of altered MOA

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Copy of altered AOA, if any

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Shorter notice consent, if any

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Any other document, as may be applicable.

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5.Payment of e-Stamp Duty:

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Pay the e-stamp duty on the increased amount of the Authorized Share Capital through MCA Portal, if applicable.

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6.Alteration in every copy of MOA and AOA: Every Alteration made in the Memorandum of Association and Articles of Association of the Company shall be noted in every copy of the same.