Procedure of Increase in Authorized Capital
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1
A Board Resolution is pass to increase in Authorized Capital. In this meeting the date of Extraordinary General Meeting is also announced.
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2
An Extra-Ordinary Meeting is convened and Special Resolution of Shareholder is passed to increase the Authorized Capital.
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3
Memorandum of Association is revised after getting approval from the shareholders. This revision is intended to reflect the effect of suggested change on relevant clause of MOA.
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4
Article of association generally does not require any revision but if a clause is missing from it then it needs to be added at the time of change in authorized capital
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5
Apply for approval from MCA by filing form SH-7 along with the copies of Resolutions and amended MOA & AOA