Increase Authorized Capital in Chennai
Increase authorized capital in Chennai easily with professional support tailored for businesses looking to expand. Authorized capital defines the maximum share capital a company can issue, and increasing it is essential for funding growth and attracting investors. Our experts handle the complete process, including documentation, ROC filing, and compliance with MCA regulations.
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How To Increase Authorized Capital?
At the point when a business visionary chooses to get organization enlistment and settles on the business structure most suited to the reason for the business and other co-proprietors, it is fundamental to choose what the offer capital of the organization is to be. Companies in Chennai looking to raise their investment limits must formally Increase Authorized Capital through proper board resolution and ROC filings under the Companies Act, 2013. The share capital is that portion of a company's equity which has been raised by issuing shares and selling them to investors in return for capital. Understanding the Benefits of Increasing Authorized Capital — from attracting investors to enabling ESOPs and IPO readiness — helps directors make an informed decision before initiating the process.
Documents Required To Increase Authorized Capital In Chennai
- A Board Resolution for an Increase in Authorized Share Capital is the first mandatory document required, which formally authorizes the calling of an Extraordinary General Meeting (EGM).
- Notice of Extraordinary General Meeting(EGM)
- Normal Resolution
- An amended Memorandum of Association reflecting the updated capital clause is mandatory. This requires a formal MOA Amendment filing with the Registrar of Companies within 30 days of passing the resolution.
What is included in this package
- Checking DSC Availability
- Preparation of Board Resolution
- ROC Payment is calculated based on the amount of capital increase. It is important to note the difference between Authorized Capital and Paid-Up Capital since the government fees and stamp duty are linked specifically to the authorized capital being increased, not the paid-up amount.
- Name Approval Letter
Frequently asked questions
The Authorized Capital has to be minimum Rs. 1 Lac and there is no minimum limit for Paid up Capital.
Yes, Holding of AGM is mandatory to increase authorized share capital.
A company can increase its authorized capital by filing Form SH-7 within 30 days from the date of passing the resolution i.e. from the date of alteration.
The time limit is 30 days from passing of the Board Resolution for Increasing of Authorized Share Capital.
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