Procedure of Increase in Authorized Capital
A Board Resolution is pass to increase in Authorized Capital. In this meeting the date of Extraordinary General Meeting is also announced.
An Extra-Ordinary Meeting is convened and Special Resolution of Shareholder is passed to increase the Authorized Capital.
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.
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
Apply for approval from MCA by filing form SH-7 along with the copies of Resolutions and amended MOA & AOA