Name approval form1A - Rejected

This query is : Resolved

sunny (Querist)
Follow

21 January 2011 1.(Please refer Regulation 17 of the Companies Regulation, 1956)
2. Authorise capital required for dealing in commodities?

kindly exlore the 2 points which were given by ROC and require Resubmission

Jayashree S Iyer

Jayashree S Iyer (Expert)
Follow

24 January 2011 As per Regulation 17 of the Companies Regulation Act, 1956 if the form marked defective by ROC, is not rectified and resubmitted within the stipulated time the form stands automatically cancelled. So you have to resubmit the form within the stipulated time.

As regards authorised capital, though the minimum ASC for a private company is Rs. 1 lac and public company is Rs. 5 lacs, but depending on the activities specified in the object clause of MOA , ROC insists for a higher ASC e.g.if the company's main object involves manufacturing, higher ASC in insisted. So check with your ROC as to what minimum ASC is required for undertaking the objects specified in your MOA and accordingly change the capital clause. If the promotor do not want to increase the ASC as it will invovle more registratin fee, then slightly modify the wordings in object clause like removal of words manufacture, etc.

In any case don't delay the resubmission. Act swiftly.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

kavita goel

Sridhar h s

kambamcr@gmail.com

Pranab Banerjee

Jeegar Valera

Subscribe Now

Name approval form1A - Rejected

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA