How to increase share capital of a new private company in Singapore?

In order to increase share capital of a newly incorporated private company in Singapore:

If your private company in Singapore has been incorporated only with low share capital or even just $1 then you can increase the share capital in just 4 steps:

• (1) Open corporate bank account.
• (2) Inject the desired capital funds into newly opened bank account.
• (3) Prepare documents for increase of share capital.
• (4) File documents for share capital increase / new allotment of shares with authorities.
• Get the updated ACRA business profile with the increased capital.
• Engage a professional Corporate Service Provider (CSP) like ACHI for seamless capital increase adhere to compliance in Singapore.