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    Increase in Authorised share capital

    Posted By : Anuradha / Published on : 26-May-2022 05:14 AM / View : 542 / Comment : 1

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    Is MGT-14 required to be filed for increasing authorised share capital?
    Read more on : capital share authorised increase

    • Dear Ms. Anuradha ,

      MGT-14 not required to file for Alteration of Authorised Share Capital caluse as this caluse change is subject to Ordinary Resolution. 

      13(1) says that "Save as provided in section 61, a company may, by a special resolution and after complying with the procedure specified in this section, alter the provisions of its memorandum."

      Process of increase in authorised share capital is governed by section 61 read with section 13 and 14 of Companies act 2013. Section 61 has a precondition that to increase authorised share capital, authorisation in article of association is a must.

      Therefore, As per the section the company may alter its memorandum through passing SR in its general meeting to—increase its authorised share capital by such amount as it thinks expedient, then only required to file MGT-14 if any Special Resolution passed.

      Read more here


      26-05-2022 / 09:59:52 AM
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