Increase Authorised Share Capital before filing INC-20A

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Dipak Joshi (Querist)
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10 April 2020 Respected members,

I got a situation where company is required to increase Share Capital to support it's Net Owned Fund, so the company can get RBI Licence to commence it's Business.

Now on MCA Portal is not allowing to file Forms to Increase company's Autohorised Share capital before filing Declaration for commencement of Business in form INC-20A.

If any one know how to resolve this problem please guide.

CA ANILKUMAR B.COM FCA DISA

CA ANILKUMAR B.COM FCA DISA (Expert)
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12 April 2020 Companies having share capital incorporated on or after 02/11/2018, must file Form INC 20A with in 180 days of incorporation. Please file the specified form first and proceed then.