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

[Sucheta Agrawal]

Dear Mr. Sushil

Yes it is possible. there is requirement to file Form 5 for which u have to paid the following fee as under-

 

Normal fee Rs. 50000 and Additional Fee Rs. 36678/- Total 86678/- and other than this stamp duty fee depend upon the State where company is situated.

 

[Sucheta Agrawal]

If u will make more delay this fee will be increased day by day so done the coompliances ASAP.

AI Summary

Increase in authorised share capital requires Form 5 filing, payment of registration fees and state-dependent stamp duty. An increase of authorised share capital requires filing Form 5 with the registrar, payment of registration fees and state-dependent stamp duty; late filing attracts progressively higher fees and outstanding audit deficiencies do not remove the obligation to complete these formalities.