Explore the history of the classic Lorem Ipsum passage and generate your own text using any number of characters, words, sentences or paragraphs.
The authorised share capital of a company is the maximum amount of share capital that the company is authorized to allocate to its shareholders. No company has a right to issue shares exceeding the authorised capital.
But when the business is on the rise, and there is need for more investment then the law has given the right to increase the authorised capital and ask for more investment.
It is important to note that the notice of the increase of capital must be given to the registrar within 30 days along with altered articles and memorandum. There is no need to pass any special resolution for this reason.
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