Authorized share capital violation
This query is : Resolved
Sriram Srinivasan
(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?
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?
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
