Borrow beyond paid-up capital + free reserves: requires SR at GM
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.
Board identifies need to borrow beyond paid-up capital + free reserves limit.
Members approve borrowing beyond limit via SR.
File SR with ROC within 30 days.
Execute loan/borrowing agreement with the lender.
File CHG-1 if charge created on company assets.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.