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Increase in Authorized Share Capital
The share capital is part of company’s capital which is raised through issue of shares. A company may raise capital only to the extent of the authorized capital mentioned in the company. To increase the capital raising capacity, the authorized capital can also be increased any time after incorporation by payment of additional fee and stamp duty.
A company can issues shares only to the extent of authorized capital. Hence, it determines the number of shares a company can issue which is mentioned in the Capital Clause of MOA. In order to increase capital raising capacity, it has to increase the authorized capital first. To alter authorized capital clause, the company need to conduct a meeting of Board and Member that is followed by application to MCA.
DOCUMENTS REQUIRED
- Digital Signature Certificate of one of authorised director to be provided.
- A copy of latest amended MoA and AoA of the company.
- Certificate of Incorporation of company to be provided.
- Copy of PAN card of the company to be provided.
- INCREASE IN PAID UP (NEEDS TO DELETE)
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