WikiMCA
SnapshotStart in IndiaCheckChecklistCalendarFormsIncorporateCommence businessChange a directorDirector KYCGet a DINShift the officeChange the nameAuthorised capitalAllot sharesTransfer sharesRegister a chargeAppoint the auditorAuditor resignsFile the yearPrivate to publicConvert an OPCCompany to LLPLLP to companyGo dormantStrike offWind upAnnual filingsWho must sitMeetingsCapitalFinance & CSRAuditorRegistersROC officesActsEntitiesPenaltiesNotificationsGlossary
Capital

SH-7

Notice of alteration of share capital. Report an increase of authorised capital, or another alteration of capital section 61 permits.

Who filesCompanies altering share capital.
Governing lawSections 61 and 64
DueWithin 30 days of the alteration.
How it is filedMCA V3.
FeeMCA fee on the form, plus State stamp duty. The stamp duty is not a single national number.
CertificationAs the form prints.

When to file

  • Authorised capital is increased by ordinary resolution, where the articles allow it.

Attachments

  • Resolution
  • Altered memorandum
  • Stamp-duty proof where the State asks for it on the form

Steps

  1. Check the articles.
  2. Pass an ordinary resolution if they already allow the increase.
  3. File a special resolution and MGT-14 first if the articles themselves must change.
  4. File SH-7 within 30 days.

Questions

Does SH-7 allot the shares?
No. Allotment is PAS-3. SH-7 only raises the ceiling.

VerifiedAct-sourced — Sections 61 and 64.