Pravin (Associate) (127 Points)
22 July 2011Hi,
Company passed a resolution for increase in Authorised share Capital of the company on 15th March, 2011 paid stamp duty on the form 5 on 1st April 2011 informed ROC on the same date.
What will be the date of effect of the resolution. can i take a increased authorised capital on 31st March,2011 or it will be effective for f.y. 2011-12 (i.e. from 1st April 2011)
Regards,
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 22 July 2011
Dear Pravin JI,
The capital is increased w.e.f. the date of resolution.
Nidhi Jain
(CS )
(987 Points)
Replied 22 July 2011
Ya, effected date-Date of passing the resolution by members in AGM/Egm as the case may be
Pravin
(Associate)
(127 Points)
Replied 22 July 2011
thanks for reply
so I Can show the increased share capital in the balance sheet ending on 31st March, 2011
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 22 July 2011
| Originally posted by : Pravin | ||
 |
thanks for reply so I Can show the increased share capital in the balance sheet ending on 31st March, 2011 |
 |
Hi Pravin
In my view, yes you can show the increased share capital in B/S.
As the date of passing of resolution is 15th March, so the effect should be shown in FY 10-11 irrespective of filing of the form
taking place in FY11-12 bcoz the form is just an intimation to ROC to take on record and you have 30days time from the
resolution date to file the same.
Other views Solicited.
regards
Santosh Shah
RG - A Helping Hand
(Company Secretary)
(13867 Points)
Replied 22 July 2011
Agree with everyone...
Infact there is no qus of "cann you show"
The real situation is you have to show as there is no other option and AC is considered to be increased from March 15 for balance sheet and for all other purposes..
Rgds
CA Aditya Goel
(Chartered Accountant)
(368 Points)
Replied 22 July 2011
Agree. Even if the resolution passed on 31st march, the increased authorised capital will be shown in the Final Accounts.
GAUTAM DEY
(Be Patient, Live Life)
(17309 Points)
Replied 25 July 2011
| Originally posted by : CA Aditya Goel | ||
|
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Agree. Even if the resolution passed on 31st march, the increased authorised capital will be shown in the Final Accounts. |
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