Increase in authorised capital- with different denomination

    Posted By : CS Shiriti / Published on : 27-Jan-2020 05:38 AM / View : 37 / Comment : 0
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    Dear all,

    Initial authorised capital at the time of incorporation was 1 Lakh shares @ 10 each.

    Now the company wants to increase its share capital further, can the increase be done with different denomination? Like 50000 shares of Rs 100 each, or the same denomination to be followed?

    If it is allowed to change the denomination, is there any specific process to be followed?
    Read more on : denomination different capital authorised increase

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