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Increase of authorised capital

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This query is : Resolved

Venkatesh V (Querist)

23 July 2014 Dear Experts

One of company has filed RoC Form MGT-14 for Increase of Authorised Capital from 1 Lakh to 1 Crore.

While filing the Form SH-7 they realized that RoC Fee is Rs. 2,04,500/-.

Can you please suggest that can we cancel the MGT-14 which is already approved by RoC.

We would like to increase the Authorised Capital from 1 Lakh to 50 Lakh and refile to RoC so that RoC Fees will be Rs. 36,000/-

PLEASE HELP IN THIS REGARD

Thanks in Advance
Venkatesh

Ankur Garg

Ankur Garg (Expert)

24 July 2014 It is not possible to cancel any approved E-form. However you can file a new form MGT.14 with same time lines. In this e-form attach a memorandum of rectification that previous e-form MGT.14 was filed with incorrect figures.

I would also suggest you to take the help of a professional firm of CA or CS having good liasioning experience with ROC.

Thanks

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