The authorised capital of a company (also called registered capital or nominal capital) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue to shareholders. Part of the authorised capital can remain unissued. The authorised capital can be changed with shareholders' approval. The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company.
The amount of authorised capital mention in MOA. The Company can issue capital upto this amount. Any increase, decrease, split, consolidates in capital due to business requirement, the company need to give intimation to the ROC and follow the procedure as per law.
The Authorized Capital of the Company is the maximum limit upto which a Company can issue shares and Paid Up Capital is that part of the Authorized Capital for which Shareholders have made the investment into the Company.
Form SH 7 and Form MGT 14
No, except in the case where AOA doesn’t contain a clause authorising it to increase company’s share capital.
No, you needn’t to be available in person, change in capital process is online. A scanned copy of documents can be sent to us via mail, and we will handle the rest.