Share Capital
This query is : Resolved
CS VENKATARAMANAN S
(Querist)
16 November 2010
Sir,
One company incorporated on 2007. They didn't file any forms with mca except incorporation documents. They filed promptly all the serivce tax and income tax and sales tax returns up to date.
Now the problem is, at their MOA and AOA they subscribe only for 1500 shares of 100 each. But their statemets filed with the income tax showed the Share capital as 9,50,000 (i.e. 9500 shares of 100 each). If we file Form 2 from the earlier date, heavy additional fee should be paid. Is there any possibility to avoid the heavy penalty?
One company incorporated on 2007. They didn't file any forms with mca except incorporation documents. They filed promptly all the serivce tax and income tax and sales tax returns up to date.
Now the problem is, at their MOA and AOA they subscribe only for 1500 shares of 100 each. But their statemets filed with the income tax showed the Share capital as 9,50,000 (i.e. 9500 shares of 100 each). If we file Form 2 from the earlier date, heavy additional fee should be paid. Is there any possibility to avoid the heavy penalty?
CA. VIKAS GUPTA
(Expert)
17 November 2010
Hi,
i think there is no option except filing ROC forms even with additional charges. further it will be batter to file the forms before 5h of December since the additional charges are going to be revised and will be increased.
thanks
i think there is no option except filing ROC forms even with additional charges. further it will be batter to file the forms before 5h of December since the additional charges are going to be revised and will be increased.
thanks
Ankur Garg
(Expert)
17 November 2010
Agree with expert...
would advise you to file the desired form 2 as early as possible with late fee.
Regards
would advise you to file the desired form 2 as early as possible with late fee.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
