Authorized Share Capital Increase - csprakash&co A practising company secretary in Coimbatore can increase its authorized share capital by passing an Ordinary Resolution and paying the necessary stamp duty. This process includes calling a Board Meeting,
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A practising company secretary in Coimbatore can increase its authorized share capital by passing an Ordinary Resolution and paying the necessary stamp duty. This process includes calling a Board Meeting, holding a General Meeting for the resolution, securing 95% approval in an EGM, amending the Memorandum and Articles of Association, and filing Form MGT-14 with the ROC within 30 days. Non-compliance may lead to penalties of ₹5 lakhs to ₹25 lakhs.
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