Many Farmer Producer Organisations (FPO) realise the need for authorised share capital increase for their organisation a few months or years after their company is formed.
In order to do this, there are a set of procedures to be followed.
They have to decide this during their Annual General Body Meeting (AGM) and this circular has to be shared with the auditors.
The auditors usually charge a fees (Eg. Rs.3800 plus tax) for taking care of this service.
In addition, please keep in mind that 2% of the increase amount has to be paid as fees to the Government for this increase.