Increased Authorized Share Capital is a way to increase the authorized capital of a company. It allows the company’s directors to issue new shares. However, these new shares are likely to have a negative impact on the profit distribution between shareholders. The increased share capital limits the ability of the directors to issue new shares, which could shift the balance of control between the shareholders.
The required amount of additional authorized capital is usually the total amount of funds the company can raise through a public offering. The new amount of capital must be equal to the existing amount of a company’s authorized share capital. The increase in authorized share capital is one way to make the company more profitable and increase its borrowing power. A company may issue new shares to existing promoters or new investors. The process for increasing authorized capital is relatively simple and can be completed quickly. In order to increase its Authorized Share Capital, a company must hold an EGM. This requires the present promoters and directors to vote for the amendment. An EGM must be held prior to the proposed amendments. The amended Articles of Association must also include provisions authorizing the increase in Authorized Share Capital. These changes will be reflected in the MoA. The increased capital can also accommodate additional investments. An increased authorised capital can be a good way to increase a company’s borrowing capacity.
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FSSAI means Food Safety and Standards Authority of India (FSSAI).Obtaining an FSSAI license is mandatory before starting any food business operation in India. All the traders, manufacturers, restaurants who are involved in the food business must obtain a 14-digit license number which is printed on their food products.
It is for the business whose turnover does not exceed the limit of Rs. 12 lac per annum. People who come under this category are almost the petty retailer, itinerant vendors, hawkers, or temporary stallholders.
It is Applicable for the food Business with annual turnover between Rs. 12 Lac – Rs. 20 Crore additionally or per annum.
It is applicable for the food business whose annual turnover is above Rs. 20 Crore in Case of trading or manufacturing or storage beyond certain limited as specified by the laws.
The FSSAI license is issued invalidity for 1 year to 5 years. Before 30 days of the expiry date, the renewal of the FSSAI license should be applied.
After completing the steps for FSSAI registration, you can expect to receive your FSSAI license within 60 business days in your provided email. If it happens to get delayed for any reason, you shall be made aware of the delay
FSSAI registration is required for a category of food business which is called petty food business. Petty food business or petty food operator.
FSSAI Licence is required for any person or company which cannot be categorized as a petty food business operator is required to obtain an FSSAI license for operating a food business in India. An applicant can apply for an FSSAI license which is of two types, State FSSAI License and Central FSSAI License.
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