Power of a Company to Increase its Share Capital
If the company's articles of association so authorize, the company may, at a general meeting of shareholders, increase its share capital by issuing such number of new shares as it deems fit.
Notice of Increase in Share Capital
If the company's capital increase beyond the registered capital, it shall submit a to the Registrar within 14 days after the resolution authorizing capital increase is passed.
Fees Payable to Registrar
When filing a notice of increase in share capital - an amount equal to the difference, if any, between the amount payable under this Act after the increase and the amount already paid on first registration under this Act, with reference to its capital before and after the increase, should be paid. No company is required to pay any fees exceeding RM70,000 at the time of registration or thereafter when increasing the share capital:
Fees to be paid to the Registrar by a company having a share capital: | RM sen |
(i) for registration of a company whose nominal share capital does not exceed RM100,000 | 1,000.00 |
(ii) for registration of a company whose nominal share capital exceeds RM100,000 but does not exceed RM500,000 | 3,000.00 |
(iii) for registration of a company whose nominal share capital exceeds RM500,000 but does not exceed RM1 million | 5,000.00 |
(iv) for registration of a company whose nominal share capital exceeds RM1 million but does not exceed RM5 million | 8,000.00 |
(v) for registration of a company whose nominal share capital exceeds RM5 million but does not exceed RM10 million | 10,000.00 |
(vi) for registration of a company whose nominal share capital exceeds RM10 million but does not exceed RM25 million | 20,000.00 |
(vii) for registration of a company whose nominal share capital exceeds RM25 million but does not exceed RM50 million | 40,000.00 |
(viii) for registration of a company whose nominal share capital exceeds RM50 million but does not exceed RM100 million | 50,000.00 |
(ix) for registration of a company whose nominal share capital exceeds RM100 million | 70,000.00 |
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