Authorized share capital is set by the shareholders and can only be increased with their approval.

How do you increase Authorised 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.

Can company increase authorized capital?

Company can increase its authorized share capital, only if it is authorized by its Articles of Association and after obtaining approval of members by ordinary resolution.