Doubt about authorized capital and further issue of shares

NO. ABOVE ARE NOT CORRECT.

Authorized capital of a company as per the companies act 1956, is the maximum capital that a company can raise by issue of shares, which will be mentioned in AOA. Alteration of authorized capital is possible only by passing sepcial resolution with the members and registration of the same with the ROC.

So If profit and loss account exists in Asset side of the balance sheet in a private limited company,  that will not effect increase of authorized capital and further issue of shares.