Increase in paid-up share capital

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Increase in paid-up share capital


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About Increase in authorized share capital

For increment in paid-up capital or to Increase Paid-up capital, you need to issue new shares and allocate them in the executive gathering through a board determination. Return of distribution is required to be submitted u/s 75 by recording structure 2 with concerned Registrar of Company.

A Private Limited Company may need to expand its Authorised capital before issuing new value shares and expanding paid-up capital. Authorised capital is the aggregate estimation of offers an organization can issue, while paid-up capital is the aggregate estimation of offers the organization has issued. Paid-up capital can never surpass Authorised capital. Henceforth, if an organization having an approved capital or Authorised capital of Rs.10 lakhs and paid-up capital of Rs.10 lakhs might want to enlist new investors, it can do as such either by:

  • Expanding Authorised Share capital and issuing new offers. (or on the other hand)
  • Exchanging shares from existing investors to the new investors.

Documents Required

  • Articles of association (AOA)
  • List of Existing shareholders.
  • Details of proposed shareholder
  • Proposed Paid up share capital.
  • Other documents, if required.

Process

Check whether the company prima-facie authorised

Check whether the company prima-facie authorised by the Articles of association to increase the share capital if it does not authorise the proceedings are to be completed with the objective of altering them.

To convene the board meeting

To convene the board meeting for enabling the board to call for extraordinary general meeting (if not passed at Annual General Meeting) to get approval from the shareholders for increasing the authorised share capital.

Call for an extraordinary general meeting

Call for an extraordinary general meeting of the shareholders of the company by sending a notice with clear agenda, explanatory statements and the resolutions to be passed to alter the Memorandum of Association and Articles of Association which are to be altered for the purpose of increasing the authorised share capital.

Pass the resolutions for increasing the authorised

Pass the resolutions for increasing the authorised share capital of the company and corresponding alterations in Memorandum of association and Articles of Association by special resolution.

Authorise the board

Authorise the board to file necessary forms and resolutions with ROC having jurisdiction.

Filing the e- form

Filing the e- form SH7 with Roc by paying the requisite fee.

Frequently Asked Questions

What do we mean by Paid-up Share Capital ?

Authorised share capital means that maximum amount of money which company can raise through share capital. It is also known as nominal capital.

No, a company can be incorporated without Authorise share capital.

A company can appoint maximum fifteen Directors. However by passing special resolution a company may appoint more than fifteen directors.

No, Paid-up Share Capital can be equal or less than the authorised share capital but cannot be more than authorised share capital.

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