Making corrections in subscription page

Originally posted by : swetha rangamannar
	Dear Members, A Company  was incorporated on 17/07/2012 with share capital of Rs 100000 (10000 equity shares  of rs 10 each) . Now they found that total number of shares subscribed by share holders is less than 10000. Now they want to alter the Subscriptttion page and submit a new MOA. Is it possible to do as per the law? If yes, what is the e-form which we have to file. Pls help me in this regard. Thanks in advance, Swetha.R

1. The minimum paid up capital required for a private limited company is Rs. 100,000. You cannot have a paid up capital less than that. This position would also be stated in the capital clause in the Articles of Association of the company, with the standard phrase used being:

"The Company shall have minimum paid up capital of Rs. 1,00,000."

2. As far as I know, you cannot alter the subscribers page in the Memorandum and Articles once the company has been incorporated. These pages contain certain averments based on which the company was granted a certificate of incorporation.