Dear Colleagues,
I wanted to know if we can update the master data of a company's paid up share capital through MGT-7/MGT-7A because return of allotment have been filed but there was a mistake in entering the paid up share capital in PAS-3 form as the shares were partly paid. if not can anyone guide me the correct procedure. Thanking you in advance,
You have to file petition with CLB. The ROC informed that it had no power to correct the Form no. 2 (now PAS 3) and advised the Company to approach the CLB, Mumbai Bench. The Company filed a petition before the CLB stating that the mistake in filing form 2 (PAS 3) was caused due to oversight and did not involve any willful malafide intention also that and no creditor or shareholder would be prejudiced
CAclubindia
