Snapshot on Increase in Authorised Share Capital
A company can issue shares or raise the capital upto maximum of authorised share capital. To issue new shares or raise the capital, a company is required to raise the authorised share capital and amend the capital clause of the Memorandum of Association.
Section 61 of the Companies Act, 2013, mandates for Increase in Authorise Share Capital, the company has to make sure that its Articles of Association contain a provision authorising it to increase its authorized share capital.
We at VyaparFormations would assist you in raising the authorised share capital.