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Increase in Authorised Share Capital
About Increase in Authorised Share Capital
The Companies Act 2013 allows the companies to
alter its share capital with certain procedures which are governed by Section
61-64 of the Act along with Section 13 and 14 of the act which governs the
alterations to the Memorandum of Association and Articles of Association of the
company.
New shares can be issued to existing or new stakeholders and money
raised shall be deposited in company’s bank account and filing forms as may prescribed.