board resolution for increase in paid up capital

An alternative to funding a business via equity capital (i.e. (LIVE) Mastering Indian GST Litigation by CA Abhishek Raja Ram. Yes. The company must issue a share certificate to that shareholder within 60 days of the date of allotment. Procedure for increase in authorised capital of the company . {margin-bottom:0in;} After Allotment of Shares issue the Share Certificate to the shareholders within 2 months after allotment. text-decoration:underline; Share capital is the money a company raises by issuing shares of common or preferred stock. Can you tell me how can I raise my companys authorized share capital? For 40% or more foreign ownership Foreigners are always required to maintain a higher paid-in capital. (582 Points) Your are not logged in . However, the Company is required to comply with section 62(3) for raising such loans. mso-bidi-font-family:"Times New Roman"; font-size:12.0pt; As a company carries on business over time, any net gains (above the original paid-up capital) are booked in the company books as retained earnings. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning. mso-style-parent:""; 1. Replied 10 March 2016. Hemang Q. The companys business profile will state the amount of paid-up capital the company has. Top reasons to Increase the Paid-up Share Capital. 10 (Rupees Ten only) each, with a power of company to increase, reduce or modify the capital and to divide all or any of the shares in the capital of the company, for the time being, and to classify and reclassify such shares from shares of one class into shares of other class or classes and to attach thereto respectively such preferential, deferred, qualified or other special rights, privileges, conditions or restrictions as may be determined by the company in accordance with the Articles of Association of the company and to vary, modify or abrogate any such rights, privileges, conditions or restrictions, in such manner and by such persons as may, for the time being, be permitted under the provisions of the Articles of Association of the company or legislative provisions for the time being in force in that behalf. Company & Loan Giver (Party) will execute an agreement of Terms of Loan or Debenture. This is so because of the concern that creditors may be disadvantaged if shareholders could freely recover their investments. The Board would also pass a resolution (usually within the same document) authorising the company secretary to issue a share certificate as evidence of the shareholders right and title to the shares. Describe Rajasthan Eastern Plain and South, Rajasthan Rivers of Arabian Sea Drainage System, Rajasthan Rivers of Bay of Bengal Drainage System, Relation of Rajasthan Rajputs and Mughals, Various Multi Purpose Project of Rajasthan. WebHow to increase paid-up capital Deposit the amount of money into the companys bank account and generate a bank-in slip for the company secretary. The maximum amount of capital a company is given permission to raise via the sale of stock is called its authorized capital. For more information, please refer to our article on how to reduce the share capital of a company. Hemang You can read more about refund related queries here - FAQs On Refund Process. Typically, a directors resolution include: Declaration of Dividends Appointing and removal of Directors Bank account opening and closing Directors loans Approval of large business investments Allotting new shares Adopting the financial statements Here are more Directors resolution templates you can download: Change of registered address Save my name, email, and website in this browser for the next time I comment. {size:8.5in 11.0in; a:visited, span.MsoHyperlinkFollowed Typically, the amount of authorized capital a company applies for is much higher than its current need. Authorise the board to file necessary forms and resolutions with ROC having jurisdiction. Requesting you to help me out. .MsoChpDefault Now , Do we need to pay stamp duty on the New issued Equity Shares ? Entries made in the Register of members (MGT-1)? 50/- Free. Replied 18 August 2010,