Allotment of share

This query is : Resolved

Priyanka hirawat (Querist)
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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

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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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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