MY QUERY ,
CAN AT ANY TIME ISSUED CAPITAL INCREASE THN AUTHORISED CAPITAL OF COMPANY ?
IF IT COULD WAT R ITS IMPLICATIONS . PLZ REPLY SOON.......
The One Says:
No, authorized capital must be increased before issuing further capital and Capital Clause in MOA will also need to be changed. Issue over the authorized capital would be ultra-vires the memorandum.
CAclubindia
