Reduction in subscribed capital

Co Act 2013 240 views 1 replies

Nabindra

final student

21 Points Joined January 2018

Hello Friends,

i have filed spice form in which authorized and subscribed share capital both are Rs 50 lacs. however, subscribed share capital should be Rs 10 lacs. Spice form has been approved and company is incorporated. Now i want to make paid up capital to Rs 10 lacs. Can I do that with simply filing PAS -3. If not what is the procedure mentioned in CA 2013? Please help.....

Replies (1)

Bhargav parekh

article

98 Points Joined April 2016

If your subscribed and paid up share capital is registered as Rs. 50 Lacs then only way to reduce it Rs. 10 Lacs is to go for reduction of share capital through NCLT route.