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?

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.

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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