How are authorised capital fees calculated?

How are authorised capital fees calculated?

Stamp Duty Calculation (as per Maharashtra State): 1,000 on every Rs. 5 Lakhs of amount of increase in Authorised Share Capital or part thereof subject to a maximum of 50 Lakhs of Stamp Duty. In our case, increase is of Rs. 20,00,000.

How is stamp duty calculated for increase in authorised capital?

Rate of Stamp Duty. Stamp duty shall be: 0.15% of amount of increase in authorised capital subject to maximum of Rs. 25 lakhs. 1000 on every Rs.

How do you increase authorised capital?

How to increase the authorized share capital of the company?

  1. Verify AOA of the Company. Note: Most of the AOA’s have the provision for increasing the authorized share capital of the company.
  2. Convene a Board Meeting.
  3. Extra-Ordinary General Meeting.
  4. File ROC Forms.
  5. Allotment of Shares.

How much is the ROC filing fee?

What is ROC Return Filing fees and charges? Company having Authorized Capital of Rs. 1 lac is Rs. 300 for each Form AOC-4 and MGT-7 and Company having Authorized Capital of Rs 5 Lac or more is Rs.

When can Authorised share capital be increased?

Holding the Extraordinary General Meeting Voting then takes place in a predetermined manner to come to a conclusion regarding the matter. Once the approval has been obtained, and the resolution is passed, the explanatory statement to the same is attached, and the increase in the Authorised Capital is made.

Is MGT 14 required for increase in authorised capital?

Answer: Form MGT-14 and SH-7 are required to be filed with ROC within 30 days from the date of date of passing of Resolution for increasing authorized share capital.

What is the filing fees for increase in authorised capital?

Charges for Additional Authorized Capital For each lakh of additional share capital from Rs. 1 lakh to Rs. 5 lakh, Rs. 4,000 per lakh of Authorised capital.

Can paid up capital exceed authorised capital?

Paid-up capital is the amount of money a company has been paid from shareholders in exchange for shares of its stock. Paid-up capital can never exceed authorized share capital. In other words, the authorized share capital represents the upward bound on possible paid-up capital.

What if DPT 3 is not filed?

Consequences of non-filing If the company does not adhere to the requirements of DPT-3 and keeps accepting deposits then it will face the following consequences: Under Section 73 A penalty of minimum 1 crore or twice the amount of deposits whichever is lower, which may extend to Rs. 10 crore.

What is the late fee for DPT 3?

DPT 3 Late Fees

Period of delays Late Fee for DPT 3
More than 30 days and up to 60 days Four times of normal fees
More than 60 days and up to 90 days Six times of normal fees
More than 90 days and up to 180 days Ten times of normal fees
More than 180 days Twelve times of normal fees

Why would a company go for increase in authorised capital?

The authorized capital of a Company determines the number of shares a Company can issue to its shareholders. It is a maximum value of securities that a company can legally issue.

What happens when share capital is increased?

Increases in the total capital stock may negatively impact existing shareholders since it usually results in share dilution. As the company’s earnings are divided by the new, larger number of shares to determine the company’s earnings per share (EPS), the company’s diluted EPS figure will drop.

How much is the moa payment on the existing capital?

So the payment on MOA on the existing capital of Rs. 50,00,000 is Rs. 82,000. Step 7: So the MOA payment amounts to Rs. 94,000 (1,56,000+ 20,000 – 82,000) by combining all the steps mentioned above.

What is the fee calculator (Excel) for MCA E-form SH-7?

Here is the Fee Calculator (EXCEL) required for MCA E-Form SH-7 in case of Declaration of Changes in Authorised Share Capital of the Company to ROC u/s 64 (1), Rule 15 of Companies (Share Capital and Debentures Rules,2014. Calculator will be Useful for Practising Chartered Accountants and Company Secretaries and other Corporate Law Professionals.

What is the authorised share capital of XYZ private limited?

XYZ Private Limited is a small company and its Authorised Share Capital at present is Rs. 50 Lakhs. Now I want to increase the Authorised Share Capital to Rs. 70 Lakhs.