A Pvt. Ltd. company incorporated in 2005 by a paid up capital of Rs. 25 Lacs out of which 3 subscriber who gives there name in the MOA and AOA commit to subscribe Rs. 10 lacs equally, when company incorporated two Subscribers out of three denied to give their subscripttion money. Now what the company do, because subscriber page cant be changed, and if we give the name of all the subscribers in the MOA and AOA it is wrong. (Company is under takeover situtation)
Till now the company did a big mistake also that it file a form 2 of the balance shares to show its paid up capital Rs. 25 lacs. and this is shown in its Balance sheet etc.
CAclubindia
