Change of Authorised Capital
The authorised capital of a company is the maximum amount of share capital that the company is authorised by its constitutional documents to issue (allocate) to shareholders. The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company.
In case, if a company has to issue shares, either to existing shareholders or to new shareholders, beyond its authorized capital, then pass Ordinary resolution for alteration of its Memorandum of Association. Every such alteration shall be in effect only if registered and recorded by the ROC. We, at vincyte help your company to change the authorized capital in hassle-free manner.