13 May 2013
A Company has filed Form 1A with proposed Authorised Capital of Rs. 10 Lakh. The ROC has approved the name application. Now the Company wants to Decrease Authorised Capital.
How to form the company with same approved name keeping the authorised capital as 1 lacs.
As per MCA , we can increase the authorised capital after filing form 1A. But we cannot decrease. In your case, you have to wait untill the name gets expired. After that surrender your name with ROC and speak with the concerned ROC officials.After that file fresh Form 1A with decreased authorised capital.
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