Frequent question: How can I change my SSM paid up capital?

Can I change paid up capital?

Paid-up capital is the amount of money a company has been paid from shareholders in exchange for shares of its stock. … A company that is fully paid-up has sold all available shares and thus cannot increase its capital unless it borrows money by taking on debt. Paid-up capital can never exceed authorized share capital.

How do I update my paid up capital in MCA?

Procedure for Increase in Paid up share capital of the private limited company

  1. First, assemble executive Meeting or Board Meeting for distribution of value offers and pass important determination for apportioning.
  2. Download Form 2 from MCA Site
  3. Fill Form 2 and attach rundown of allottee or List of Allottee.

Can Authorised capital be changed?

The authorised share capital is the maximum amount of shares value the company can allot to its shareholders. … The authorised share capital of company can be increased at any time, after its incorporation, which is governed by section 61 read with section 13 and 14 of the Companies Act, 2013.

Can paid up capital be reduced?

(c) Pay off any paid-up share capital, which is in excess of the wants of the company. This may be done either with or without extinguishing or reducing liability on any of its shares. For example: Shares of face value of `100 each fully paid-up can be reduced to face value of `75 each by paying back `25 per share.

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How much paid up capital is required?

With the Companies Amendment Act 2015, there is no minimum requirement of paid-up capital of the Company. That means now Company can be formed with even Rs. 1,000 as paid-up capital.

How do I check my MCA paid up capital?

Information On Company Deposits

  1. Login to MCA portal from here. …
  2. Under the TAB “Service” click on the ‘View Public Documents’ link to view specific companies as per list to public pertaining to specific company(s).
  3. Once the company(s) is/are selected, you will be prompted to make the payment of prescribed fee per company.

How do you increase Authorised and paid up capital?

Conduct the extraordinary general meeting and obtain the approval of the shareholders to increase the authorized share capital on the time, date, and place that is mentioned on the notice. The approval of the shareholders to increase the authorized capital must be in the form of an ordinary resolution.

How can we increase the paid up capital of a private company in Pakistan?

In case of increase in paid-up capital, the company is required to offer new shares to the existing shareholders and the offer is required to be accompanied by a circular issued under section 86(3) to all the shareholders strictly in proportion to the shares Page 8 8 held by them and, on the allotment of shares, return …

How do I change Authorised capital?

At the Board Meeting, pass a Board Resolution to call for an Extraordinary General Meeting and issue notice pursuant to the provision of Section 101 of the Act, where the altered clause on authorised capital in the Memorandum of Association can be presented for approval by passing an Ordinary Resolution.

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How do I reduce Authorised capital?

Reduce or extinguish the liability on any of the shares with respect to the share capital not paid. Reducing liability on any of its shares by paying off any paid up share capital which is in excess or cancelling any paid up share capital which is lost or is unrepresented by available assets.