PAID UP SHARE CAPITAL
This query is : Resolved
19 December 2009
A pvt ltd company was incorporated on sept.09 with a auth. capital of Rs.50.00 lacs and the paid up capital was actually Rs.5.00 lacs. But by mistake the paid up capital was written as Rs.50.00 lacs. The directors are not interested to invest 50lacs in the company, so what is the best option available to the company as well to the directors.
pl. give your suggestion with reason.
pl. give your suggestion with reason.
19 December 2009
You can keep the paid up capital as 5 lacs. Fill the form 2 only for 5 lacs. There is no liability on the directors to increase the capital as was committed earlier.
20 December 2009
I am not agree with mr Rasheshshah, in this case form 2 need not be issued , since the subscriber to the moa have clearly written their individual shareholding amounting to Rs.50.00 lacs.Further, in company master data the paid up and auth. capital shows as 50.00 lacs, so, form-2 now issued means the paid up capital will be 55.00 lcas as per your suggestion.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
