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As a company sets its foundation and registers itself with MCA, it also has to decide upon the share capital to be authorized that it can raise from the market and the provision to Increase the Authorized Capital in future. The share capital is that part of the company’s equity which has been raised by issuing shares and selling them to stockholders in exchange for capital. According to the government, an amount is authorized as share capital above which a company cannot legally raise equity.
However, at times a company might need to Increase Authorized Capital in order to issue new shares so as to induct more capital. This can be done anytime, subject to AOA and approval of shareholders. The provision to Increase Authorized Capital should be mentioned in AOA, else the AOA will have to be amended before applying for increasing authorized capital by passing a special resolution.
An expert review regarding the changes required and increase in authorized capital of the company can be extremely helpful and highly recommended. Hence, Jain Divya & Associates extends there services by guiding and helping throughout the procedure to increase authorization capital. Know more about the procedures and compliance by setting up a consulting session with Jain Divya & Associates.