how to increase paid up capital

Originally posted by : amit jain
	We have a newly formed private limited company and i wanted to know what is the procedure to register the paid capital with MCA and others

 Upon incorporation of a company, the authorised share capital (which is minimum Rs. 1.00 lacs in case of a private limited company) gets automatically registered with MCA. Allot shares to the subscribers of MOA. If paid up share capital is not appearing in MCA records, please take printout of company master data from MCA's website, update co's data including paid up share capital, get it signed from a director and submit to MCA physically.  

You have to allot further share to increase your paid up capital. To update paid up capital with MCA you have to file form 2 with MCA.

Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

1. First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
2. Download form-2 from MCA Site www.mca.gov.in  
3. Fill form-2 and attach list of allottee.
4. Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

Originally posted by : amit jain
	We have a newly formed private limited company and i wanted to know what is the procedure to register the paid capital with MCA and others

 Dear Ankur,

In my opinion, Amit Jain is asking to register the paid up capital of the newly formed company after incorporation. The procedure you have stated is for increase in paid up share capital by further allotment of shares.

Thanks  

is it compulsory to increase paid up capital one lac if company is registered in 1999. it only has paid up capital of rs. 20000/-

But in the recently passed Companies amendment bill 2014, the requirement of having minimum capital is being abolished. 

Section 42/ 62 as may be applicable in your case has to be followed.