Procedure for change in authorised capital in Company

• Passing board resolution: A board meeting should be called for passing a resolution to change the capital, which should be approved by directors and should authorise a director to perform further process.
• Passing ordinary resolution: A general meeting must be held on date and time fixed earlier to pass the ordinary resolution to amend the MOA for increase in Authorised capital.
• Form Filing: Form SH-7 should be filed within 30 days of passing the ordinary resolution for Increase in authorised capital.
• Stamp Duty Payment: Stamp duty must be paid on the increased authorised capital to MCA.

Note: Authorised capital can be increase as per AOA, therefor need to check AOA before increase in authorised capital.