pls clear my query regarding- my co. is a pvt ltd co. having paid up and authorise capital of Rs.20,00,000. Do i need to increase my authorise capital limit???
If yes what is the logic behind that so that i can convence my director to do that Provisionally and generally??
14 June 2012
Hi, Minimum paid up share capital of a pvt. Ltd. Company is Rs. 1,00,000/-, which you have fulfilled. Therefore, in normal circumstances you are not required to increase your authorize share capita.
14 June 2012
Agree with the above view... Minimum requirement of paid-up Capital is Rs. 100,000.So u r not required to increase the capital unless u require more funds...
The existing Authorized Share Capital and paid up capital of the Company is Rs. 20,00,000. In view thereof, the expansion & long term growth plans of the Company which necessitates broadening the capital base, the Board of Director of the Company will decided to increase the Authorized Share Capital of the Company to Rs. 20,00,000 to...........as u decide.
CAclubindia
