Increase Authorise Capital
INCREASE IN AUTHORISED CAPITAL
Authorised capital means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company.
Notice to be given to Registrar for alteration of share capital:
When a company alters its share capital; or a company redeems any redeemable preference shares, the company needs to file a notice in the prescribed form with the Registrar within a period of thirty days of such alteration or increase or redemption, as the case may be, along with an altered memorandum of association.
If a company and any officer of the company who is in default contravenes the above provisions it shall be punishable with fine which may extend to one thousand rupees for each day during which such default continues, or five lakh rupees, whichever is less.We help you with change of authorised capital at a very reasonable price (INR 499).