15 April 2013
A company has authorised and paid up capital of Rs. 5 Lacs as on 31.03.2012. Company has increased authorised and paid up capital from 5 lacs to 25 lacs in May 2012. I want to know that it is required to file Form - 66 with Compliance certificate.
One of CS said that it has to be mentioned in Directors Report (Date of Board Meeting to approve accounts - 27.08.2012). So, you have to compulsory file form - 66.
No need to file Form-66 for the FY 2011-12. The capital is increased during the Financial year 2012-13, so it will be filed during this year.
In director report 2011-12, the detail of capital going to be increased should be mentioned, because it is material change after 31.03.2012, so you can give some details of capital increase but the capital is increased in FY 2012-13.
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