Hello,
A Pvt Ltd Company with Authorised capital of Rs. 1 Lac, Paid up capital Rs. 1 lac.... Also showing Rs. 1.8 lac Share application money in the balance sheet & filed the annual return for both 2009-10 & 2011-11..
Now company wanted to change name & filed Form 1A, 23 & form 1B with ROC..
ROC raised the below query -
As at 31.03.2011, Share application money Rs. 1.8 lakh is pending for allotment. But the Authorised capital is only Rs. 100000/- and already Paid up capital is Rs.100000/- and thereby there is no sufficient Authorised Capital. U R ADVISED TO FILE FORM 5 & FORM 2.
Now - 1. If the company to increase the authorised capital, then what would be the resolutions date? bcoz, AGM for 2011 already held & approved the accounts & filed with ROC. - It should be an EGM after ROC query or it can be EGM during April 2011 or March 2011 & revise the Annual return..
or
2. Can the company explain it to ROC as this the amount of unsecured loans from directors & wrongly shown in the balance sheets & revise the AR..
3. or you have any other solutions immedietly??
CAclubindia
