Authorized capital is a maximum share capital of the company which sets limit within which the shares are issued by the company.ISO certification is a seal of approval from a third party body that a company runs to one of the international standards developed and published by the International Organization for Standardization (ISO).The ISO are an independent, non-governmental international organization who brings together experts to share knowledge and develop international standards that support innovation and provide solutions to global challenges.
Yes, paid-up capital can be increased, at any point of time after its establishment, the paid-up share capital can never exceed the authorized share capital of the company. For enhancing the paid-up share capital of a company, new shares must be assigned and allocated at a Board Meeting with the approval of all the Members of the Board of the company. The return of distribution should be sent to the concerned Registrar of Companies of the Companies Act, 2013.