can I change authorised capital after form 1A

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abhay

Self Employed

25 Points Posted on 21 January 2010

hi,

I have received the confirmation for availability of company name after filing form 1A. In that form, I had written authorised capital of Rs1 lac. So my letter also mentions authorised capital at Rs 1 lac.

But now i realize that i should have set the authorised capital of Rs 5 lacs as it does not add to my cost. So can I change my authorised capital now itself to Rs 5 lacs in Form 1?

regards,

abhay

Replies (3)

CA.SKR

CA; CS-Final (One Group); DISA (ICAI); I

493 Points Posted on 21 January 2010

Yes, you can increase the authorised capital to Rs.5 lacs while filing company incorporation documents i.e. Form 1, 18, 32 etc.

CourseCart.in

Mentor at SHAYVIDZ Academy

3128 Points Posted on 21 January 2010

Originally posted by : abhay
	hi, I have received the confirmation for availability of company name after filing form 1A. In that form, I had written authorised capital of Rs1 lac. So my letter also mentions authorised capital at Rs 1 lac. But now i realize that i should have set the authorised capital of Rs 5 lacs as it does not add to my cost. So can I change my authorised capital now itself to Rs 5 lacs in Form 1? regards, abhay

Dear Abhay,

Form 1 shud be filed with authorised capital of Rs. 1Lac only in ur case..

For making it Rs.5lacs, follow the procedure to increase the authorised capital but after incorporation of the company..

Adarsh

Jyoti Aggarwal

COMPANY SECRETARY

237 Points Posted on 22 January 2010

Yes mr. Abhay m agree with Mr. Satender Kumar. U can increase ur auth capital at the time of filing incorporation forms. Mention 5 lacs capital in form 1