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Authorised capital

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 October 2011 Whether a private company can increase the paid up capital during the first year of it's incorporation or can collect the application money for issue of Paid up capital.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
19 October 2011 Yes it can. There is no restriction on same. But remember paid up capital can not exceed authorized share capital. If authorized share capital is insufficient you will first have to increase authorized share capital and only after that you can increase your paid up capital.
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2011 Thank u for solving the query
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