Change in Authorized Capital of Company

The authorized capital is the maximum amount of capital which a Company can impose through the issue of shares to its shareholders. Authorized share capital is indicated in the Memorandum of Association of the respective company. The company can additionally impose capital up to this amount.

Yet a company may, during its course of business operation, needs to have additional capital for expansion, meet working capital requirements etc. An expansion in authorized capital is required for issuing new shares and inducting more capital into the company.

This process is complex and undeniably time consuming as it requires, approvals of the Registrar of Companies (ROC) and other filing requirements.

TaxoVita can help you to increase the Authorised Share Capital.