A limited company having a share capital may, if so authorized by its articles, alter its MOA in its general meeting to: a. Increase its authorized share capital; b. Consolidate and divide all or any of its share capital into shares of a larger amount; c. Convert all or any of its fully paid-up shares into stock, and reconvert that stock into fully paid-up shares of any denomination; d. Sub-divide its shares, or any of them, into shares of smaller amount; and e. Cancel shares which, at the date of the passing of the resolution in that behalf, have not been taken or agreed to be taken by any person, and diminish the amount of its share capital by the amount of the shares so cancelled. The need to increase the authorized capital may arise when the company is planning to expand its operations by fresh issue of capital. Any change in the Authorized Capital will involve alteration of the bye-laws of the Company.
1. Preparation of draft notice, resolutions of Board and General Meetings, Altered MOA & AOA. 2. Preparation, certification and filing of Form MGT 14. 3. Preparation, certification and filing of Form SH 7.
1. Certified true copy of the resolution for alteration of capital is mandatory in case of increase in share capital independently by company. 2. Certified true copy of the Ordinary/Special Resolution. 3. Copy of order of central government is mandatory in case of increase in share capital with central Government order. 4. Copy of the order of the tribunal is mandatory in case of increase in share capital with Central Government. 5. Certified true copy of board resolution authorizing redemption of redeemable preference shares is displayed and mandatory in case of redemption of redeemable preference shares. 6. Altered memorandum of association is mandatory in case of increase in share capital independently or by order of Central Government or increase in number of members. 7. Altered articles of association is mandatory in case the same are altered. 8. Working for calculations of ratios (in case of conversions) is mandatory in case of increase in share capital with central government order.