With My Legal Clinic, you're going to get the best accounting and legal professionals in India who will work to fulfil your requirements. The entire process is 100% digital and hassle-free. Our team strives to ensure that our services are delivered within the shortest span of time. We are known for our impeccable service delivery standards. Here is a description of how the overall process looks like:
I received the name of My Legal Clinic from one of my acquaintances and contacted them that very day to see whether they might assist me in registering my private limited company. I was concerned about the money because I had already invested much in my business. However, their fees are really reasonable, and the service is excellent.
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When I first started my business, I realised I needed to file for GST. To be honest, I was perplexed. I felt it would be a great idea to contact a professional firm because I am usually preoccupied with my business. My Legal Clinic, on the other hand, proved to be really wonderful in their GST job. They handled everything with ease.
Authorised share capital is the number of shares a company can issue as stated in its memorandum of association or articles of incorporation.
Authorised Share Capital is the maximum number of shares that a company may issue according to its Memorandum and Articles of Association. These shares may have been issued or not. The Issued Share Capital is the Share Capital which is issued to the Shareholders after full subscription money has been paid.
Yes, Authorised Share Capital can be increased by following due process as prescribed under the Companies Act 2013.
The unissued Authorised Share Capital can be reduced which can also be referred as diminution of shares. If authorised by the Articles of Association of a Company, diminution of capital is possible by passing of an ordinary resolution in the general meeting of shareholders. If the articles do not authorise for the same then articles can be amended as per the provisions of the Companies Act 2013 to include necessary provisions for the same in the articles.