MY QUERY ,
CAN AT ANY TIME ISSUED CAPITAL INCREASE THN AUTHORISED CAPITAL OF COMPANY ?
IF IT COULD WAT R ITS IMPLICATIONS . PLZ REPLY SOON.......
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AUTHORISED CAPITAL (URGENT)
Replies (2)
The One Says:
No, authorized capital must be increased before issuing further capital and Capital Clause in MOA will also need to be changed. Issue over the authorized capital would be ultra-vires the memorandum.
No, authorized capital must be increased before issuing further capital and Capital Clause in MOA will also need to be changed. Issue over the authorized capital would be ultra-vires the memorandum.
Dear Sir,
no you cannot increase the paid up capital more than authorised. You can keep the money in share application account but before allotment u have to submit form no 5 with MCA PORTAL. The portal takes 1 months to increase the capital.
be cautious
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