Dear All,
In one of my Company Authorised Capital is 1cr and Paid up Capital is 51 lacs. Now i want to increase my Paid up Cap to 1cr , for which i would be making allotment of 49lacs. My question is can i increase Paid up capital till 1cr , and there is no need to increase Authorised capital right ?? I am allowed to increase PC till 1cr right
Where is the question of any doubt on this? Why this question has come to your mind is not clear.
You can increase the Issued, Subscribed and Paidup capital up to Rs.49 Lakhs, as per requirement i.e. up to Rs.1 Crore.
A R JADHAV AND ASSOCIATES
Mumbai
CA Inter
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VIKAS VERMA & CO
New Delhi
Others
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CAclubindia
