Allotment of share
This query is : Resolved
Priyanka hirawat
(Querist)
19 April 2018
Hi,
private company authorize capital 1,00,00,000 and list of subscriber follow:
W (DIRECTOR) 35%
X (DIRECTOR) 15%
Y (DIRECTOR) 1%
Z (DIRECTOR) 25%
A (SHAREHOLDER) 24%
Company want to Increase Authorize capital one crore to five crore.So it is necessary already authorized capital ( I mean 1,00,00,000) should be fully paid up and if yes then which mode is better private placement and right issue
private company authorize capital 1,00,00,000 and list of subscriber follow:
W (DIRECTOR) 35%
X (DIRECTOR) 15%
Y (DIRECTOR) 1%
Z (DIRECTOR) 25%
A (SHAREHOLDER) 24%
Company want to Increase Authorize capital one crore to five crore.So it is necessary already authorized capital ( I mean 1,00,00,000) should be fully paid up and if yes then which mode is better private placement and right issue
CS Mitesh Mehta
(Expert)
20 April 2018
No it is not required that existing authorised capital need to be fully paid up for further increase of authorised capital
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