Increase in authrosied share capital

[SUSHIL MODAK]

ABC & CO. want to increase the authorised capital of the company from 1 Cr. to 2 cr. in March 2009. Whether is it possible to increase such capital in Mar. 2009? what will be registration fees and stamp duty charges? What is penalty if any.The company has not yet done its audit

AI Summary

ABC & CO. plans to double authorized share capital; filing costs Rs. 86,678 plus state-specific stamp duty. ABC & CO. seeks to increase its authorized share capital from 1 crore to 2 crores as of March 2009. The company inquires about the feasibility of this increase, the associated registration fees, stamp duty charges, and any penalties, noting that its audit is pending. A respondent confirms the possibility of the increase and outlines the required filing of Form 5 with a normal fee of Rs. 50,000 and an additional fee of Rs. 36,678, totaling Rs. 86,678. Stamp duty varies by state, and delays may result in increased fees.