Increase in Authorized Capital
The process of raising a company's authorized share capital the maximum value of shares it's legally allowed to issue through shareholder approval and MCA filings. It's required before issuing new shares beyond the current authorized limit, often done to raise funds or bring in new investors
WHAT YOU NEED
When you need it
- ✓Appointing a new director
- ✓Director resignation or removal
- ✓Change in a director's designation (e.g., to Managing Director)
Good to know
- ✓Filed using Form DIR 12 within 30 days of the change
- ✓FLate filing attracts additional government fees and penalties
