20 April 2021
A Ltd Co. in its Company Master is showing 1.0 year 2011, authorized capital as 50 lakhs. 2.0 year 2021, authorised capital as 5 crore. In fact in BS of year 2012 & later the figure is deliberately is reported as 5 crore - no formality is done with the ROC to raise this capital. The balance sheets as on date carry the same figure of 5 crore. What steps to be taken in this case? How the responsibility be fixed - The directors, auditors, company? Whom to approach and how?
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