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Why would a company need a fresh capital raise?

  • Expansion of operations and business
  • Increase in size, scale and structure
  • Increase in share capital
  • Enhances borrowing capacity

Is there a limit to the increase in authorised capital?

  • The limit for the authorised capital is specified in the Memorandum of Association under the Capital Clause according to Section 2(8) of the Companies Act, 2013.
  • This means that companies cannot issue shares that exceed the authorised capital limit.

Changing your company’s authorised capital made easy!

Here’s everything you need to know:

  • Digital signature certificate
  • Memorandum of Association
  • Articles of Association
  • Certificate of incorporation
  • PAN card

Step 1: Verify with the AoA

Examine the company's AoA to see if raising its authorized capital is permitted. You must pass a special resolution to amend the AoA if it is not authorized.

Step 2: Organise a meeting

Hold a board meeting to determine the day, date, time, and location of the extraordinary general meeting as well as to increase the company's authorized capital.

Step 3: Pass the resolution

Approve a resolution requesting shareholder approval at the extraordinary general meeting, including any forms that may be required and the deadline for their submission.

Step 4: Modify the MoA

Change the company's memorandum of association to add the required amount of authorized shares.

Step 5: File forms according to the resolution

After the shareholders' resolution has been approved, submit form SH-7 to the registrar of companies within 30 days. You must also submit form MGT-14 within 30 days of the resolution's passage if it is approved as a special resolution.

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