Increase in authorized or paid-up capital must be done with proper board resolution and filing of forms with Registrar of Companies. Legalguidance can file filing for increase of capital from Rs.4899/-
The authorised capital of a Company determines the number of shares a Company can issue to its shareholders. An increase in authorized capital might be required for issuing new shares and/or inducting more capital into the Company. The initial authorised capital of the Company is mentioned in the Memorandum of Association of the Company and is usually Rs. 1 lakh. The authorised capital can be increased by the company at anytime with shareholders approval and by paying additional fee to the Registrar of Companies.
To begin the process for increasing authorized capital a resolution must be passed by the Board of Directors. In the Board Resolution, authorization must be provided for increasing the authorized capital of the company and making the necessary changes to the MOA and AOA of the company. Legalguidance can help you easily increase the authorized capital of your company.
The authorised capital of a Company determines the value and number of shares a Company can issue to its shareholders.
Paid up share capital of a company is the amount of money for which shares were issued to the shareholder for which payment was made by the shareholder.
Most promoters incorporate their company with an authorised capital of Rs.1 lakh or Rs.10 lakh and issue shares with a value of Rs.1 lakh or less to founding members.
The authorised capital of a company can be easily changed by paying additional government fee, as prescribed by the Ministry of Corporate Affairs.
The increase in authorised capital of a Company, must be approved by the Board of Directors of the Company.
Increase in authorised capital of upto Rs.10 lakhs.
Increase in authorised capital of upto Rs.25 lakhs.
Increase in authorised capital of upto Rs.100 lakhs.