can there be made a change in authorised share capital before incorporation of the company i.e. while filing form 1?
4 Replies
J. Manivannan
(Advocate & IP)
(242 Points)
Replied 14 May 2013
You can. the amount shall be more than what you mentioned in the Form 1A.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 21 May 2013
There will be no problem if you want to increase the authorised capital. However, ROC may not agree to reduce the authorised share capital.
Thanks
CS MOHIT SALUJA
(PRACTICING CS Jalandhar 9914558709)
(5155 Points)
Replied 21 May 2013
Yes while filing Form 1 of incorporation, the company may incarese its authorised capital of what it had been mwntioned Form 1 A. but can not reduce the capital less than what wa mentioned in Form 1 a.
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