Can authorised capital be increased in future days?

Can authorised capital be increased in future days?

Information 02.09.2017   0 Comments   743  Add to Reading List

Yes authorised capital of the company can be increased in future ,depending upon its capital requirement .

The Article of association must contain provision to increase authorised capital of the  company.

Then In principal approval of board of director  is required to increase authorised capital.

Then  Extra-ordinary General meeting is held , in this meeting ordinary resolution  passed by the share holder of the company to increase authorised capital and there will be amendment in Capital clause of memorandum of association of company.

Then form is filed within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies with following attachments-

Notice of  Extra-ordinary General meeting

Certified True copy of Ordinary Resolution

Altered Memorandum of Association.

Finally Registrar of company will approve the increase in authorize share capital.


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