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how to increase paid up capital

amit jain (Chartered Accountant) (532 Points)

21 February 2010

We have a newly formed private limited company and i wanted to know what is the procedure to register the paid capital with MCA and others

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CA.SKR (CA; CS-Final (One Group); DISA (ICAI); I) (442 Points)
Replied 21 February 2010

Originally posted by : amit jain
	We have a newly formed private limited company and i wanted to know what is the procedure to register the paid capital with MCA and others

Upon incorporation of a company, the authorised share capital (which is minimum Rs. 1.00 lacs in case of a private limited company) gets automatically registered with MCA. Allot shares to the subscribers of MOA. If paid up share capital is not appearing in MCA records, please take printout of company master data from MCA's website, update co's data including paid up share capital, get it signed from a director and submit to MCA physically.

Ankur Garg (Company Secretary and Compliance Officer) (114783 Points)
Replied 22 February 2010

You have to allot further share to increase your paid up capital. To update paid up capital with MCA you have to file form 2 with MCA.

Return of allotment is required to be submitted u/s 75 by filing form-2 with concerned Registrar of Company.

Procedure

First convene board Meeting for allotment of equity shares and pass necessary resolution for allotment.
Download form-2 from MCA Site www.mca.gov.in
Fill form-2 and attach list of allottee.
Get form-2 certified from practicing CS/CA and upload the same on MCA Site.

CA.SKR (CA; CS-Final (One Group); DISA (ICAI); I) (442 Points)
Replied 22 February 2010

Originally posted by : amit jain
	We have a newly formed private limited company and i wanted to know what is the procedure to register the paid capital with MCA and others

Dear Ankur,

In my opinion, Amit Jain is asking to register the paid up capital of the newly formed company after incorporation. The procedure you have stated is for increase in paid up share capital by further allotment of shares.

Thanks