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Form 66

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2012 dear si, In the following case whether form 66 is mandatory or not?

Paid up capital Rs. 1 Lac
Authorise Capital Rs. 25 Lacs
Share Application Money Outstanding Rs. 19 Lacs?
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Ajay Mishra

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Ajay Mishra (Expert)
21 November 2012 Hi

No, it is not mandatory to file Form-66.

Share application is not part of paid up capital so it will not be considered for Compliance Certificate purpose.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
22 November 2012 Filing of Compliance Certificate in form 66 is mandatory in case the capital is from Rs. 10 Lacs to 5 Crore. That too would not required in case the company appoint Company Secretary.
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