30 November 2009
Our client had filed form 5 for increasing authorised capiatal from Rs. 5 lacs to Rs.10 lacs.While filling form 5,the paid up capital has been wrongly entered as Rs.5 lacs instead of Rs.1 lac.Now form 5 had been approved.Now the company master data has been updated as Authorised capital Rs.10 lacs and Paid up capital Rs.5 lacs (It should have been Rs.1 lac ).
Now,is it possible to rectify the defect ? (form 5 was approved on 14-11-2008)
What could be the consequences if it is not rectified ?
01 December 2009
You have to take a print out of company master data from the website and with a letter stating the above difference you have to give a request to correct the same in the front office and get the acknowledgement. It will be corrected in 15 days.
CAclubindia
