Planning to grow your Capital base? Buy this plan now! You just have to look into the raising of funds. The complaince part of it will be taken care by the ClearTax experts.
It is the maximum amount of the capital for which shares can be issued by the Company to shareholders. The Authorised capital is mentioned in the Memorandum of Association of the Company under heading of “Capital Clause”. It is even decided prior to incorporation of the Company. The Authorised capital can be increased at any time in future by following necessary steps as required by law.