Hi please resolve.
its a case that my friend who is working as accountant of a foreign co has asked me.
The foreign company which is a public ltd in that country has started its operations in india with some authorised capital.Now it is on the go to increase its share capital.
Now the need arises for me to ask a question is whether the company shall first state the amount reqd to be raised as auth capital in its moa or the company could bring in its capital and then shall it state in the memorandum.
Which is the right way to do
CAclubindia
