Increase Authorised Share Capital before filing INC-20A
This query is : Resolved
10 April 2020
Respected members,
I got a situation where company is required to increase Share Capital to support it's Net Owned Fund, so the company can get RBI Licence to commence it's Business.
Now on MCA Portal is not allowing to file Forms to Increase company's Autohorised Share capital before filing Declaration for commencement of Business in form INC-20A.
If any one know how to resolve this problem please guide.
I got a situation where company is required to increase Share Capital to support it's Net Owned Fund, so the company can get RBI Licence to commence it's Business.
Now on MCA Portal is not allowing to file Forms to Increase company's Autohorised Share capital before filing Declaration for commencement of Business in form INC-20A.
If any one know how to resolve this problem please guide.
12 April 2020
Companies having share capital incorporated on or after 02/11/2018, must file Form INC 20A with in 180 days of incorporation. Please file the specified form first and proceed then.
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