.

.Home . .

ALTERATION IN CAPITAL CLAUSE


Authorised Share capital is the amount mentioned in the Capital clause of the Memorandum of Association of Company. The authorised capital of a Company determines the maximum number of shares a Company can issue to its shareholders.
This is one of the very common alteration/change made by companies in their capital structure. An increase in Authorised Share capital may be required by any corporate due to many reasons such as business diversification, business expansion, due to some condition imposed by Bank or any other private/Govt. regulatory authority etc.
For effecting an increase in Authorised share capital, the company has to firstly make sure that its Articles of Association contain a provision authorising it to increase its authorised share capital. If there no such provision then the company has to take steps for alteration of its Articles of Association first. Main provisions related to alteration of MOA due to change in Share capital are given in Section 61 read with Section 13 & 64 of Companies Act 2013.

WORK PROCEDURE

DOCUMENTS REQUIRED


ALTERATION IN CAPITAL CLAUSE

For effecting an increase in Authorised share capital, the company has to firstly make sure that its Articles of Association contain a provision authorising it to increase its authorised share capital. If there no such provision then the company has to take steps for alteration of its Articles of Association first. Main provisions related to alteration of MOA due to change in Share capital are given in Section 61 read with Section 13 & 64 of Companies Act 2013.



Frequently Asked Questions

+
The entire process shall be taking roughly 7 to 10 days. The time period given here is totally dependent upon the application processing time taken by Ministry of Corporate Affairs.
+
ClicknFile is a leading expert in providing Financial, Legal and Taxation services & is trusted by Startups well as Existing businesses all over India & as well as to NRI’s residing abroad. We provide you honest, transparent & affordable pricing as compared to the traditional offline service-providing medium. Our 90 min. callback commitment shall ensure a speedy initiation of your work and timely completion thereafter.
+
Every document or information has to be emailed to us. Nothing is to sent by you through courier or speed post.
+
Copy of all ‘Challans/Payment Acknowledgements’ received from Govt. of India.
+
For details about our Refund policy, please read our T&C Policy carefully
ClicknFile provides Business registration services, Legal drafting services, Tax filing services, Managing Corporate compliances, various Certification services alongwith providing assistance in Getting Govt. Subsidies. We have presence across major Indian cities like Delhi, Mumbai, Bengaluru, Kolkata, Chennai, Hyderabad, Chandigarh, Ludhiana, Amritsar, Bathinda, Jammu & Kashmir, Jaipur, Pune, Ahmedabad, Allahabad, Vadodra, Surat, Lucknow, Bhopal, Kanpur, Gurgaon/Gurugram, Noida, Ghaziabad, Faridabad, Agra, Nashik, Meerut, Patna, Nagpur, Indore, Vishakhapatnam, Kochi, Trivandrum, Coimbatore and many more...
.