Dear SAneha and Vidisha, just read out the question once again as follows:
Dear All, I'm practising CA in Bangalore. Kindly suggest me for the below mentioned issue :- One of my client ask to increase authorise capital for INR 10,00,000/- by keeping 100,000/- unalloted (INR 900,000/- is paid up capital) but due to error, Paid up capital is mentioned in the Form 5 of INR 10,00,000/-. and it is approved by ROC. Is there any way to correct it? How to rectify this error? Kindly Suggest. Regards, Divya
Here the question was that the company wish to keep Rs. 1 lakh un alotted and 9 lakh as paid up. so simple here is that if the company wish to keep 9 lakh as paid up capital, then company is to allot the shares. Hence, need to file form 2 for allottment. How without allotment, the paid up capital can be increased to 9 lakh.
Hope everyone is clear over it
CAclubindia
