The Authorised share capital of the company is as mentioned in clause V of the Memorandum of association of the company with power of the Board of directors to sub-divide, consolidate and increase and with power from time to time, issue any shares of the original capital with and sunject to any preferential, qualified or special rights, privilege or condition as may be, thought fit, and upon the sub-division of shares apportion the right to participate in profits in my manner as between the shares resulting from sub-division
The company shall have minimum paid up capital of Rs. 1,00,000/-
The shares shall be under the control and disposal of the Directors who may allot or otherwise dispose of the same to such persons and on such terms as the Directors may think fit and to give any persons any shares whether at par or at a premium and for such consideration as the Directors may think fit.
The Directors may allot and issue shares in the capital of the company on full payment or part payment for any property. Goods or machinery supplied, sold or transferred or for services rendered to the company.