At the point when a business visionary chooses to get organization enlistment and settles on the business structure most suited to the reason for the business and other co-proprietors, it is fundamental to choose what the offer capital of the organization is to be and how might we Increase Authorized Capital. The offer capital is that piece of an organization’s value which has been raised by issuing offers and pitching them to investors in return for capital (money or different contemplation.
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The Authorized Capital has to be minimum Rs. 1 Lac and there is no minimum limit for Paid up Capital.
What is the difference between Authorized Capital & Paid up capital?
The Authorized Capital of the Company is the maximum limit up to which a Company can issue shares and Paid up Capital is that part of the Authorized Capital for which Shareholders have made the investment into the Company.
Whether General Meeting is mandatory to hold for change in authorized Share Capital of the company?
Yes, Holding of AGM is mandatory to increase authorized share capital.
How to change the authorized Share Capital of the Company as per Companies Act 2013?
A company can increase its authorized capital by filing Form SH-7 within 30 days from the date of passing the resolution i.e. from the date of alteration.
What is time limit to file change of capital documents with ROC?
The time limit is 30 days from passing of the Board Resolution for Increasing of Authorized Share Capital.
What documents are required for increasing the capital?
MOA, AOA, documents for Board Meeting of the Company and documents for Extra Ordinary General Meeting (EGM) of the Company.