banner_ad

Authorized share capital violation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 October 2016 Hi, this is my first time ever using this forum. Request your expert guidance.

I work for a company in Thailand that has 100% FDI in a company in India.
Currently authorized capital is 10 crores.
Capital has already been transferred for 13 crores
3 crores was transferred 56 days ago.

I understand that capital is required to be increased within 60 days.
If it is not completed, what is the implication? What is the violation and potential problems faced by the company in India?
Profile Image

Thrissurkkaran Ishtan

Profile Image

Thrissurkkaran Ishtan (Expert)
18 October 2016 Sri, This query has multiple legal implications such as FEMA, Company Law, IFRS and Taxation. It is advisable to go to a CA practices in FEMA. I see that the query was posted 12 days early, so you seem to have lost the 60 day mark. So hurry...good luck!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details