Authorized Share Capital Increase

Authorized share capital of the company can be increased at any time, subject to the section 61 (read with section 13 and 14) of the Companies Act, 2013.
Step-1 First verifying that the Increase in authorized capital is allowed in the Articles of the company is a pre-requisite to increasing authorised share capital. In case the Articles do not approve an increase, then Article need to amend to allow the same before proceeding as per the provision of Section 14 of the Companies Act, 2013.
Step-2 A board meeting is called wherein it is decided that an EGM is to be held to discuss and vote on the matter of raising authorised share capital.
Step-3 EGM will held on the date specified in Board Meeting and then the Ordinary Resolution under section 61(1)(a) of the Companies Act, 2013, will be passed to increase in authorised share capital of the Company.
Step-4 File form SH-7 within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies, with p

According to section 117 (2) If the company fails to file the resolution or the agreement under sub-section (1) before the expiry of the period specified under Section 403 with additional fee, the company shall be punishable with fine which shall not be less than five lakh rupees but which may extend to twenty-five lakh rupees and every officer of the company who is in default, shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.