CA Practice
21 Points
Joined February 2014
Hi Neha Ji,
we have a Private limited company which is subsidiary of foreign company. we got inward remittance from the parent company for issue of share capital towards subscripttion to memorandum of association. we have issued 9990 shares at a face value of Rs. 10/- each amounting 99,900. But we have received a remittance of Rs. 99,700/- instead of 99,900/- which is due to currency fluctuations.
Now we are using e-biz to file FCGPR. But the problem is we have a difference of Rs.200/-. To make good the difference of Rs.200/-Can we cancel the 20 shares which are already allotted
can you suggest me about this?
Thanks in advance.
Regards
Shanmukh Rubiks