In order to increase paid-up capital in a sdn bhd company, you will need to get ready the following information & documents:
- Bank-in slip (to show the capital already injected into the company’s bank account as share application monies)
- Number of shares to be allotted to the existing or new shareholders
The following will be organised by your company secretary after receiving your instruction:
- Prepare directors’ resolutions & relevant EGM documents
- Deliver the documents to directors & shareholders for signing
- Submit Form 11 & Form 24 to SSM (click here to see Form 24)
- SSM will normally take 2-12 months to update in SSM system
Who Can Be Shareholder?
Any one can be shareholder as long as he/she is 18 years old & above. (Malaysian or Foreigner staying or not staying within Malaysia are all allowed to be shareholder, no restriction in any laws in Malaysia.)
What Is Maximum Paid-Up Capital Can Be Issued?
A company can increase its paid-up capital up to the Authorised Capital that registered with SSM.
What Is Authorised Capital?
Authorised Capital is a registered capital of a company. The amount of authorised capital can be found in the Memorandum & Articles (M&A) and Form 24.
What Is The Purpose of Authorised Capital?
No one include banks or government will look at the authorised capital as it is not a real capital of a company. It serves as the maximun level of paid-up capital of a company can go up to, nothing more than that.