What is the fee for Authorised capital?

What is the fee for Authorised capital?

Rs. 1 crore, Rs. 750 per lakh of Authorised capital.

What is the filing fees for increase in Authorised capital?

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.

How is Authorised capital calculated?

Formula 1: Share capital equals the issue price per share times the number of outstanding shares. Formula 2: Share capital equals the number of shares times the par value of stock plus the paid in capital in excess of par value.

Which MCA form increases Authorised share capital?

SH-7
SH-7 along with the fee. Purpose of the eForm Whenever a company alters its share capital/ number of members independently or increases the share capital by conversion of debentures/loans due to order of Central Government, then a return shall be filed with the registrar within 30 days of such alteration or increase.

What is minimum Authorised capital?

The amount paid by the shareholders to the company for the company’s financing. 2. All new companies must authorize a minimum amount of capital, which is Rs 1 lakh for Pvt Ltd Companies and Rs 5 lakh for Public Limited Companies.

What is minimum paid capital?

With the Companies Amendment Act 2015, there is no minimum requirement of paid-up capital of the Company. That means now Company can be formed with even Rs. 1,000 as paid-up capital.

How increase MCA paid up capital?

Procedure for Increase in Paid up share capital of the private limited company

1. First, assemble executive Meeting or Board Meeting for distribution of value offers and pass important determination for apportioning.
2. Download Form 2 from MCA Site www.mca.gov.in.
3. Fill Form 2 and attach rundown of allottee or List of Allottee.

Can authorised capital be changed?

At the Board Meeting, pass a Board Resolution to call for an Extraordinary General Meeting and issue notice pursuant to the provision of Section 101 of the Act, where the altered clause on authorised capital in the Memorandum of Association can be presented for approval by passing an Ordinary Resolution.

Can paid up capital be zero?

As per Companies Act, 2013, the minimum paid-up capital to form the Private Limited Company was Rs. 1 lakh but after the amendments in Companies Act (2013), Companies (Amendments) Act, 2015 states that there is no minimum limit of Paid-up capital to form Private Limited Company but the Authorized capital of minimum Rs.

What is the difference between paid up and authorized capital?

Authorized capital is the maximum value of the shares that a company is legally authorized to issue to the shareholders. Whereas, paid-up capital is the amount that is actually paid by the shareholders to the company.

What are the rules for share capital injection in Malaysia?

However, the rules and restrictions applicable to a company’s authorized share capital, issued share capital, par value, share premiums, discounting, share buy backs, financial assistance etc., as set out in the Malaysia Companies Act 1965 ( ‘MCA ’) may be confusing. In this article, we explore various ways to structure a company’s share capital.

Are there restrictions on share buy-back in MCA?

No buy-back – The MCA prohibits the buy-back of its shares by a private limited company from its shareholders which results in a depletion of capital to the detriment of creditors. Higher corporate tax rate – companies with paid up share capital of RM2.5 million or more cannot enjoy the lower rate of 20% for the first RM500,000 taxable profit.

How are shares issued and paid up in Malaysia?

All issued and paid up shares: The most common way would be to incorporate with RM100,000 issued and paid up shares to the founder (ie, 100,000 shares at RM1 par value per share). Any further share issuances will require payment of the SSM fee to increase the authorized share capital.

What is the tax rate for share capital in Malaysia?

Higher corporate tax rate – companies with paid up share capital of RM2.5 million or more cannot enjoy the lower rate of 20% for the first RM500,000 taxable profit. Instead, they will be subject to the flat 25% tax rate on all profits. Your company’s capital will have an impact on both you and your business.