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Re: call on partly paid up shares

SANTOSH SHAH (Company Secretary) (754 Points)

31 October 2012

Dear Members,

A, Pvt Ltd Company had made an 5 lakh allotment of shares of Rs.10/- at Rs.5/- and the amount was partly paid up

( Rs.10/- Share paid up only Rs.5/-). Hence the Company master data shown Paid up capital accordingly

Form 2 for the same is filed. and the same Paid up capital is shown in Annual filings.

Now company wants to call up the remaining amount of Rs.5/- per share.

Is it required to file Form -2 again ?? Its not a fresh allotment but for earlier allotment , remaining call money call up.

Filing of Form -2 will mean making fresh allotment where as the case is not so.

Please solicit your views.

regards

Santosh Shah

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6 Replies

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 01 November 2012

Form 2 is not required to filed on call.

1 Like

SANTOSH SHAH (Company Secretary) (754 Points)
Replied 05 November 2012

Originally posted by : CS Ankur Srivastava
	Form 2 is not required to filed on call.

Dear Ankur

Thanks for the response. But if we do not file Form 2, the Company Master Data on MCA will not show the true picture.

The company had initial capital of 50 lakhs. Later allotment of 5 lakh shares of Rs.10/- was made,

which was paid at Rs.5/- per share. So the capital shown was 75 Lakhs in Comp Mast Data

( 50+25 lacs). Now the remaining amount of Rs.5/- is called upon for the earlier allotment.

As the activity is done post annual filings, do we need to file Form 2??. I f not then how the correct

paid up capital will reflect in MCA ?? ( From Rs.75 Lacs to 1 Crore)

Members , please solicit your views.

regards

Santosh Shah

SANTOSH SHAH (Company Secretary) (754 Points)
Replied 06 November 2012

Originally posted by : SANTOSH SHAH

Dear Members

Can any one respond to the Query?. Its a bit urgent.

regards

Santosh Shah

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 06 November 2012

You are not required to file any return with ROC after getting call money. Master data will be updated after filing Balance Sheet and annual return after year-end.

Thanks

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17848 Points)
Replied 08 November 2012

It will update on Annual Filing.....

meet shah (2 Points)
Replied 15 December 2020

Dear Members,

Does the above guidance remain valid under companies act 2013 ?

i.e. PAS 3 needs to be filed or not (in conjunction with above guidance) and paid up capital would be updated on filling annual return of which year ?

For example : Further calls are made in FY 2020-21 (pre filling of annual return for FY 2019-20) then should the same be updated in annual return for FY 2019-20 or FY 2020-21 ?