Change in Authorized Capital
According to Section 2(8) of the Companies Act, 2013, Authorized Capital is the maximum amount of Share Capital of the Company authorized by the Memorandum of Company. Company cannot issue shares more than the authorized share capital.Apply for Assistance
The Promoters of the company decide the Authorized Capital at the time of Company Incorporation.
A Company can change or increase the authorized capital afterwards by amending the Memorandum of Association as per the Companies Act, 2013.
A Company is required to file e-form SH-7 in pursuance of Section 64(1) of the Companies Act, 2013 and Rule 15 of the Companies (Share Capital and Debentures) Rules, 2014.
Likewise, a Company can change its subscribed capital and paid up capital by filing Form PAS-3 (Return of allotment of shares).
Change/ Increase in Authorized Share Capital
within 30 days of passing such Ordinary Resolution
Whether to be filed before ROC or Not?