Increase in Authorized Capital
As the organization develops its size of activity additionally increments. At a later stage, the organization while playing out its business tasks may require more assets for extension of its business or, to meet the consumption prerequisites that may emerge in future. These prerequisites can be met by expanding the approved offer capital of the organization. The approved offer capital is the greatest measure of offers esteem which an organization can dispense to its investors.
At whatever point the organization requires finance in business the organization can build its approved by its necessities by passing Ordinary or Special Resolution in General Meeting and by following the techniques as referenced in the Companies Act, 2013 and subject to affirmation by ROC.
Documents required are listed below:
- EGM resolution
- Board resolution
- Notice of EGM and explanatory statement
- Amended MOA
||Working on it
||Obtaining signed documents
||Form filing with ROC