Failure to bring Paid up Capital
This query is : Resolved
12 October 2019
A private Limited Com by share has incorporated in the month May 2019, with Authorized Share Capital of 10 Lac and Paid up Share Capital of 5 Lac, but till date unable to bring the paid up capital of 5 Lac, what is the time limit? What is the consequences of not bringing paid up capital of 5 Lac as mentioned in MOA? Can Company reduce paid up capital in MOA? If yes then what is the procedure to reduce the paid up capital in MOA?.... Appreciate your valuable reply.
14 October 2019
There is time limit of 6 months for subscribing paid up capital.
Also you need to file form INC 20A for the same.
For further query, please feel free to contact us
Also you need to file form INC 20A for the same.
For further query, please feel free to contact us
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
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- ITR 4 and Bank transactions
- Journal entry of busniess expenses
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Unregistered suppliers utility
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
