The capital which is authorized by the memorandum of the company to be the maximum amount of share capital of the company is called the Authorized Capital of the Company. It is required to be mentioned in the company’s MoA.

A company can increase its Authorized Capital by initiating an amendment in its AoA (if needed). Consequently, the company needs to organize a Board Meeting to get approval from the Directors and the Shareholders.

The procedure of Increase in Authorized Capital for a company is regulated by the Company Act, 2013 of the Indian Govt. along with the regulations of the Registrars of Companies (ROC).

Not really. The Directors can approve the same in a Board Meeting followed by the assent of the shareholders of the company.

It completely depends on how the company itself manages to conduct the essential steps like Board Meeting organizing, approval process from the Directors - Shareholders, etc. The legal process usually takes 7-10 working days of time to be completed.