The authorized share capital of the company can be increased at any time, subject to the constraints and clauses dictated by section 61 (read with section 13 and 14) of the Companies Act, 2013.

To increase the authorized capital of the company, following procedure has to be followed:

  •  The authorized share capital of the company can be increased at any time, subject to the constraints and clauses dictated by section 61 (read with section 13 and 14) of the Companies Act, 2013. In case the Articles do not approve an increase, then the Article of Association should be amended by a special resolution.
  • A board meeting is called wherein it is decided that an EGM is to be held to discuss and vote on the matter of raising authorized share capital.
  • Convene Extraordinary General Meeting, The Ordinary Resolution under section 61(1)(a) of the Companies Act, 2013, is then to be passed to increase in authorized share capital of the Company.
  • ROC Form documenting