01 April 2013
hi my pvt. company is issuing 1crore shares @ rs.10/- each.money is being received in parts like 15% on allotment, 15% on application & remaining 70% on calls. the application & allotment money has been received but calls are due. so while filing form 2 what amt we will show in paid up capital? will it be old PUC plus 1crore shares or old PUC plus application & allotment money? PLS help its very urgent? THANX IN ADVANCE
21 May 2013
You have to show Old plus 100% of 1 Cr. as your capital paid up is 1 cr. additional it is not material whether there is calls in arrears. only on forfeiture it will be reduced