11 January 2021
Does SH 7 form requires to mention the proposed issued caiptal and paidup caiptal to be mentioned which the company needs to issuethe the future ?
11 July 2024
Form SH-7, as per the Companies (Share Capital and Debentures) Rules, 2014, is used for filing returns with the Registrar of Companies (RoC) regarding changes in share capital. It is typically used for reporting an increase in authorized share capital or changes in paid-up capital due to issuance of new shares.
Here’s what needs to be mentioned in Form SH-7:
1. **Proposed Issued Capital**: This refers to the amount of capital the company intends to issue in the future. It is the total amount of shares the company plans to offer for subscription to potential shareholders.
2. **Paid-up Capital**: This is the amount of capital that has already been subscribed and paid for by shareholders. It represents the portion of issued capital that shareholders have actually paid for.
When you file Form SH-7, you typically need to provide details such as the amount of increase in authorized share capital (if applicable), the amount of shares issued, the consideration received for the shares, and any other relevant information pertaining to the changes in share capital.
Therefore, yes, Form SH-7 requires you to mention both the proposed issued capital (the amount of shares the company plans to issue in the future) and the paid-up capital (the amount of shares that have already been subscribed and paid for by shareholders).
Make sure to accurately fill out the form with the current and proposed details, ensuring compliance with regulatory requirements and the Companies Act, 2013.
CAclubindia
