The share capital of a company is a part of capital which is raised through issue of shares. A company can raise the capital up to the limit of authorized share capital, which is prescribed in the Memorandum of Association. A company can increase the Authorized Share Capital at any time after incorporation by payment of additional fee and stamp duty. To modify the clause related to Authorized Share Capital at Memorandum of Association, company has to conduct a board meeting and pass a resolution for modify authorized share capital. Clause at the MoA has to be change accommodating the change in Authorized Share Capital and the same should be approved from Ministry of Corporate Affairs.