Increasing the company’s authorized capital alters the capital clause in the Memorandum of Association for higher share capital.

Process Flow

• Check the provisions of the Articles of Association regarding the procedure for increasing the authorized capital.
• Convene a meeting of the board of directors to pass a resolution approving the increase in authorized capital.
• File Form SH-7 (Notice to Registrar for Alteration of Share Capital) with the RoC within 30 days of the increase.
• Pay the applicable filing fee and submit the necessary documents, like the updated Memorandum of Association and the resolution approving the increase in authorized capital.
• The RoC will review and process the filing, and upon successful approval, the authorized capital of the company will be increased.