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, authorisation must be provided for increasing the authorised capital of the company and making the necessary changes to the MOA and AOA of the company. Arcedo can help you easily increase the authorised capital of your company.
Increase in authorised or paid-up capital must be done with proper board resolution and filing of forms with Registrar of Companies. Arcedo can file filing for increase of capital from Rs.4,999/-
The authorised capital of a Company determines the value and number of shares a Company can issue to its shareholders.
Executive Director is a Director, who is in full-time employment of the company. Hence, executive directors are deeply involved with the management of the company and managing affairs of the company.
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.