Detailed Procedure for Increase in Authorised Share Capital of a Company
Share Capital is an amount invested by the promoters while incorporating a company. As business expands, more capital is required. The capital limit set up by the promoters as and there it becomes necessary for the company to increase its authorised capital limits. What is Authorised share capital of a company? Authorised share capital is the maximum limit upto which a company can issue shares to the shareholders. This limit is mentioned in the Memorandum of Association of the company under “Capital Clause”....