Authorized Capital is the maximum amount of capital for which shares can be issued by a company to its shareholders. It is defined under section 2(8) of the companies act. The Authorized capital is mentioned in the Memorandum of Association of the Company under the heading of “Capital Clause”.
But as when business grows there can be need to increase Authorized capital of the company. Company can increase its Authorized Share Capital, only if it is authorized by its Articles of Association and after obtaining approval of members by ordinary resolution.
So, we are here for you to help to fulfill this process.