mso-font-pitch:variable; WebFor increment in paid-up capital or to Increase Paid-up capital, you need to issue new shares and allocate them in the executive gathering through a board Copyright 2023, Dokmart. Steps to increase paid up capital WebThe authorised capital and paid up capital entered in the form shall update the authorised capital Payment of stamp duty for increase of authorised capital being paid with filing of eForm No.5 Verification Enter the serial number and date of board resolution authorising the signatory to sign and submit All Rights Reserved. SECTION 64 (1) OF THE COMPANIES Act, 2013 AND Rule 15 OF THE COMPANIES, (Share Capital and Debentures) Rules, 2014. mso-font-charset:0; Paid If a Company desire to increase the paid-up share Capital through existing Shareholders, can do so via very easy means through Right Issue laid down under section 62 of the Companies Act 2013 which is most reliable and feasible for the Private Limited and if desire to raise from outsiders (who is not an Existing shareholder of the Company) then can raise through the Private Placement. Further Issue of Shares For some more sample board resolutions kindly visit the link below: /forum/download-corporate-law-professional-files-70021.asp, /articles/ca-articleship-some-useful-corporate-board-resolutions-ii-5874.asp, /articles/ca-articleship-some-useful-corporate-board-resolutions-i-3911.asp. @ font-face A company's paid-up capital figure represents the extent to which it depends on equity financing to fund its operations. A supplier may demand to be paid upfront but where a new business has not booked any revenue yet, it will need to have buffer funds to pay that supplier. Does Your Company Need a Legal Team (In-House Counsel)? Funding for paid-up capital is arrived at from two sources: the par value of stock and excess capital. text-underline:single;} The regulations always favor Filipino ownership. Board Resolution and Registration of Capital Increase Replied 18 August 2010,