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India
Free
Intermediate
A founder-focused guide to authorised capital under Section 2(8) and how to raise it before a funding round: the resolution under Section 61, Form SH-7 within 30 days, and the fee and state stamp duty that follow.
Increase Authorised Share Capital: Process, Form SH-7 and Stamp Duty
From treelife.in by Treelife Guide
- Shares cannot be allotted beyond authorised capital until the ROC approves an increase.
- File SH-7 within 30 days of the resolution, paying the ROC fee difference and state stamp duty.
- If funding is likely within 12 to 18 months, set authorised capital above today's need at incorporation.