Increase in Authorized Capital Checklist
• To increase the Share Capital, check the providing of Article Of Association (AOA). • If AOA didn't give permission to increase, then as per section 14 of the companies Act 2013, AOA should be altered • To modify/alter the AOA, send the notice to calling up Extraordinary Board Meeting (EOBM), to approve the increase in authorized share capital. • Give the notice at least 7 days before the meeting.
Advantages of Increasing Authorized Capital
Share Capital Increment
If Authorized Capital, only raise its share capital by the company, far away it is amended in the Memorandum of Association (MOA). so the company share capital is increased in the Authorized capital.
Increasing Borrowing capacity
If the share capital is increased, the company's overall net worth is also increased. This further increases the company's Borrowing Capacity.
Easy process through the Next Level Audit
More number of companies/month
Our experienced team members have done the compliance works over 1000 companies & LLP's per month. We are well known in Audit related processes, so you can use our services by contact with us.
Expectation
By providing all the paperwork, we sure the government response will come soon. We will give you the status of the detailed information of the Increase Authorized Capital.
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