Increase in Authorised Share Capital
All companies. Increasing authorised share capital requires amendment of the Memorandum of Association (Capital Clause) and an Ordinary Resolution by shareholders.
Your capital structure is the backbone every other corporate decision rests on. Section 61(1)(a) is the line every share movement has to respect. In real terms: ordinary resolution is sufficient to alter the capital clause in the Memorandum (assuming articles already authorize it). Fi CTC Generator turns this into a 3-minute task you'll never have to think twice about.
Increase in authorised capital requires an Ordinary Resolution by shareholders. Form SH-7 must be filed with ROC within 30 days and Form MGT-14 within 30 days of the Ordinary Resolution. Stamp duty on the increased capital must be paid.
Section 61(1)(a), Companies Act 2013
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