Subscribed capital not paid up fully
This query is : Resolved
19 December 2014
1.In Private Limited Company MOA Authorised capital is rs.10 lacs and subscribed capital is rs.10 lacs. But the subscribers invested (paid up) only 10 % of subscribed capital i.e. Rs 1 lac. (partly paid up)
2. Later allotment of new shares made to the same shareholders rs.2 lacs.fully paid up. This allotment without knowing that subscribed shares are partly paid up.Authorised capital not increased.
3.Later allotment of shares to new shareholder rs.2 lacs.Authorised capital not increased.
issues
1.whether subscribed capital to MOA can be partly paid up?
2.whether allotment made to existing shareholders without increasing authorised capital is valid ?
3. Whether allotment made to new share holder without increasing authorised capital is valid?
2. Later allotment of new shares made to the same shareholders rs.2 lacs.fully paid up. This allotment without knowing that subscribed shares are partly paid up.Authorised capital not increased.
3.Later allotment of shares to new shareholder rs.2 lacs.Authorised capital not increased.
issues
1.whether subscribed capital to MOA can be partly paid up?
2.whether allotment made to existing shareholders without increasing authorised capital is valid ?
3. Whether allotment made to new share holder without increasing authorised capital is valid?
22 December 2014
1. No. It must be fully paid up
2. It is not valid
3. It is not valid
2. It is not valid
3. It is not valid
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Management System (IMS)
- DIN reactivation
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- GST rate and HSN code for sale of racing horses
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Eway bill generation from place other than registeted
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
