At a glance
| What it is | The notice to the registrar that the authorised capital has gone up |
| Who files | A company raising its authorised capital |
| When it is due | Within 30 days of the shareholders' resolution |
| What you need | The resolution and the updated memorandum |
| Fees | Government fees and stamp duty depend on the increase and your state |
| If it is late | Late fees apply. |
| What we do | We prepare it from your record. Experts check it, and a professional files it. |
How it is filed
- The board calls a shareholders' meeting.
- Shareholders pass the resolution.
- The memorandum is updated.
- Fees and stamp duty are paid, and SH-7 is filed.
Common mistakes
- Issuing shares before raising the limit.
- Not updating the memorandum.
- Underestimating the fees and stamp duty.
Do we need it before every share issue?
Only if the new shares would take you above the current limit.
Does it cost more than a filing fee?
Yes. Government fees and stamp duty apply. Your quote shows them separately.