Return of allotment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2013 Dear Experts;
we have filed Form 2 dated 04.04.2013 with MCA with the details Face Value Rs.10 & Premium Rs.490 and same will be approved but after revise valuation of shares thier is changes in Premium amount instead of Rs. 490 it will be Rs. 590/-.Now here no of shares will be reducing.therefore in this case can we filed Revised F2 of the same date by attaching application for the same or whether we have to go reduction of share capital as per sec 100 and get High court order for the same.Pls guide us as soon as possible

Ajay Mishra

Ajay Mishra (Expert)
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16 July 2013 Hi

There is no procedure in MCA that once you have filed Form-2 will change thereafter.

It will be considered that you have alloted shares @ Rs. 500 with a premium of Rs. 490.

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2013 Sir;
can we cancell the STP Approved Form 2

Ajay Mishra

Ajay Mishra (Expert)
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16 July 2013 No, you can not cancel approved form.

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2013 so it means now we have to go for reduction of share capital as per section 78, 100 to 105 & get high court order for the same.

Thank You

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