Additional director

At AGM regularise director from additional director to regular director by filing form DIR-12 for regularisation of additional director and change in designation from additional director to director, then make a right issue offer and take right of renounciation from the existing shareholder in favour of the additional director to whom you want to regularise.

CO's Authorised Capital is 5 Lakhs wheras Paid-up Capital is 1 Lakh only. Now when additional director will be converted as regular director and will be isssued shares for 50000/-. Paid up capital will be 1,50,000/-

How to deal with above situation?

CO's Authorised Capital is 5 Lakhs wheras Paid-up Capital is 1 Lakh only. Now when additional director will be converted as regular director and will be isssued shares for 50000/-. Paid up capital will be 1,50,000/-

How to deal with above situation?

There is no problem you have authorised capital of 5 lacs you can allot upto 5 lacs there is no issue.

Regularisation can be done only in AGM??

Yes, It can only be done in AGM.