Company Law settlement scheme

 Company Law Settlement Scheme can be availed when the paid up capital of the company is within threshold limits.  So my question is if a private company has paid up capital of less then 1 lacs what it should do??

Raise its paid up capital to 1 lac and file it form from back date ( i.e from the date of default )or from current date in order to avail Company Law settlement Scheme........?????