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form 1 problem

DEEPAK (CA FINAL) (814 Points)

22 January 2010

MOA V (a) (b) Minimum paid up capital of the Co. shall be Rs.100,000/- to be corrected,(correction not made)Foreign subscriber some proof of document to be submitted it should be Apostille or visa copy to be certified by CA/Cs.Present and permanent address to be reqired if he is in India ,corrected full sets of MOA & AOA to be uploaded with form No.1 Form should be resubmitted by 20/02/2010 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)

can you tell about moav about meaning written A and B
can you tell me problem

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CourseCart.in (Mentor at SHAYVIDZ Academy) (3756 Points)
Replied 22 January 2010

Originally posted by : DEEPAK
	MOA V (a) (b) Minimum paid up capital of the Co. shall be Rs.100,000/- to be corrected,(correction not made)Foreign subscriber some proof of document to be submitted it should be Apostille or visa copy to be certified by CA/Cs.Present and permanent address to be reqired if he is in India ,corrected full sets of MOA & AOA to be uploaded with form No.1 Form should be resubmitted by 20/02/2010 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956) can you tell about moav about meaning written A and B can you tell me problem

Dear Deepak,

It is Clause V (Five) of MOA... (a) & (b) may be subclauses of the same..

Check also AOA..

ROC is asking to correct the Capital in MOA, but also check the AOA too..

n Re-submit Form1 along wid corrected MOA, AOA & reqd docx of foreign subscriber etc..

if u hv any other doubt, then do let me know...

Adarsh

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Ajay Mishra (Company Secretary) (74337 Points)
Replied 23 January 2010

Dear Deepak

As per your query, ROC required following:

1. Clause V of MOA deals with Share capital of the proposed company. Please check this clause and keep the minimum paid-up capital up to one lakh.

2. Clause V (a) and (b) deal with name , addtess ocupation and no. of shares subscribed by the promoter. In your case, i think the promoter (s) is/are non resident Indian, in that case you should file following documents certified/notrised by CA or CS:

(i) ID proof

(ii) Residence proof

please insert these correction in MOA and re-submit upto the date of 20/02/2010.

Regards

Ajay