Yes, the company can issue more share capital to meet the shortage of funds.

**Authorized Capital and Issued Capital:**
Authorized capital refers to the maximum amount of capital that a company is allowed to raise through the issue of shares, as stated in its Memorandum of Association. In this case, Creative Mantra has already raised its entire authorized capital of 10 crores through the issuance of shares.

**Need for Additional Funds:**
However, the company requires more funds to finance its expansion projects. This could be due to various reasons such as increasing market demand, expansion into new markets, upgrading infrastructure, research and development, etc. These projects may require significant financial resources, which the company may not have in hand.

**Issuing More Share Capital:**
To meet the shortage of funds, the company can issue more share capital. This involves offering new shares to existing shareholders or to external investors. By issuing more shares, the company can raise additional funds, which can be utilized for its expansion projects.

**Benefits of Issuing More Shares:**
1. Increased Capital: By issuing more shares, the company can increase its capital base, allowing it to access more funds for its expansion plans.
2. Dilution of Ownership: Issuing more shares can lead to dilution of existing shareholders' ownership. This means that existing shareholders may hold a smaller percentage of the company's total shares and hence have a smaller say in the decision-making process.
3. Potential for Increased Valuation: If the expansion projects are successful, the company's valuation may increase, leading to higher share prices. This can benefit existing shareholders and attract new investors.
4. Enhanced Liquidity: With more shares in circulation, there is a greater opportunity for buying and selling shares on the stock market, leading to increased liquidity for the company's shares.

**Legal and Regulatory Requirements:**
Before issuing more shares, the company needs to comply with legal and regulatory requirements. This includes obtaining necessary approvals from the board of directors, shareholders, and relevant regulatory authorities such as the Securities and Exchange Board of India (SEBI) in the case of a listed company.

In conclusion, Creative Mantra can issue more share capital to meet the shortage of funds for its expansion projects. This can provide the company with the required financial resources to fuel its growth and achieve its objectives.

No, the company can not issue more shares because it has been given the authority of issuing share capital of 10crore, which has already been procured. So to procure more funds it has to take loans from different sources.