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of <h1>Companies Must File Notice for Share Capital Increase Within 30 Days Under Section 97, Companies Act 1956</h1> Section 97 of the Companies Act, 1956 mandates that companies increasing their share capital beyond authorized limits or expanding membership beyond registered numbers must file a notice with the Registrar within thirty days of the resolution authorizing the increase. The notice must detail the affected share classes and issuance conditions. Non-compliance results in fines of up to five hundred rupees per day for the company and responsible officers. The Registrar will record the increase and amend the company's memorandum or articles as necessary.
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