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Issue of new class of shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2018 Sir,
We are increasing the paidup capital of a company by issuing new class of shares.Authorised capital of the company is 30000000,30000shares of Rs 1000 each.New share that is going to issue is having a face value of Rs 10 each(not at discount).We are unable file form PAS-3 because of this difference in FV of authorised capital and new shares..Kindly reply with a solution..
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
04 January 2018 First you have to reclassify your existing authorised share capital so as FV is in conformity with FV new issue of shares
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2018 So we have to file SH7 and divide authorised capital?or just file an MGT 14
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