Subscibed capital

CA VISHAL RANA,CS,B.Com,AMFI (Chartered Accountant in Whole Time Practice)   (4354 Points)

11 October 2011  

Whether required subscribed capital for formation of private limited co. shall be RS. 10,00,000 instead of 1,00,000. MCA-21 portal require Resubmission of Form-1 with subscribed captal 1,00,000...message display by MCA21 portal as follow-: "Subscribed share capital should be Rs. 10 lacs. Please scan MOA and AOA alongwith subscribers sheet under the head of MOA and AOA respectively. Form should be resubmitted by 03/11/2011 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)"