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.