Increase in authorized or paid-up capital must be done with proper board resolution and filing of forms with Registrar of Companies. TAXPERTS ASSOCIATES can file filing for increase of capital from Rs.4899/-
The authorized 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 authorized capital of the Company is mentioned in the Memorandum of Association of the Company and is usually Rs.1 lakh. The authorized 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. TAXPERTS ASSOCIATES can help you easily increase the authorized capital of your company.
The authorized 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.
Ordinary Director means a simple Director who attends the Board Meetings of a company and participates in the matters put before the Board of Directors. These Directors are neither whole-time Directors or Managing Directors.
Most promoters incorporate their company with an authorized 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 increase in authorized capital of a Company, must be approved by the Board of Directors of the Company.