INCREASE IN AUTHORIZED SHARE CAPITAL
The authorized share capital is a maximum permissible amount of share capital up to which company can issue and allot its equity or preference shares as the case may be. Special resolution of the members is required to increase authorized share capital. It can be increased for issuing new shares and/or inducting more capital into the Company. We can assist you with respect to the timelines, procedures compliances and e-filing with respect to the increase in authorized share capital of the Company.
The increase in authorized share capital facilitates further allotment of shares by way of Private Placement or Bonus Issue or allotment of Rights Shares or ESOP, etc.
The Stamp Duty is required to be paid at the time of filing of relevant Eforms with MCA and the same is different as per the respective State Stamp Duty Acts.
In relation to a company, it is the amount as mentioned in Clause V that is Capital Clause of the Memorandum of Association.
How we help with resignation or removal of Director
1. Consultation: As there are complexities involved from Legal and financial point of view, we can assist you with the procedure for increase in authorized share capital and the matters related thereto.
2. Resolutions: Then we will provide timelines, documents and do the compliances for you.
3. Filing: We will timely file applicable returns, documents and other formalities with the Ministry of Corporate Affairs to effectuate the resignation or removal of the Director.