Valuable Suggestion required

MCA 955 views 10 replies

Dinesh N

Article

156 Points Joined June 2009

Dear Friends,

In one of the Private Limited Company which i am auditing has encounterd with a unique problem. I require your valuable suggestions for the same.

1. The Paid up capital of the company as per MOA is Rs.10L but if we log in to the MCA portal under the Company Master Details the Paid up capital is showing Rs.Zero.

How could the same be rectified.

2. The name of the company as appearing on the Incorporation Certificate lets say is "XYZ (India) Private Limited but on the Articles & Memorandum it is printed as "XYZ Private Limited". The Word (India) has been omitted while printing MOA & AOA.

What is the solution for the above said problem

I hope no one has encountered with such a unique problem.

Thanks in advance.

Regards,

Dinesh N

Replies (10)

Guest

Regarding Paid up capital: If this is the 1st financial year i.e. the 1st Balancesheet after the incorporaton is yet to be filed with ROC, then as soon you file the Balancesheet the paid up capital will get rectified automatically.

Dinesh N

Article

156 Points Joined June 2009

Thanks Ketan......

CourseCart.in

Mentor at SHAYVIDZ Academy

3756 Points Joined September 2007

Dear Mr. Dinesh..

1. for the 1st point, Ketan is right..

2. for the second point, i wanna say that just "view public document" on MCA Portal by paying Rs.50 n re-check the name in document. If u get da same prob or u dont find ny document in MCA Portal, den just contact ur concern ROC for the same.. may be name has been change by filing form1B under manual fling system.. exact position can only be extracted from ROC..

Adarsh

CA.SKR

CA; CS-Final (One Group); DISA (ICAI); I

442 Points Joined August 2009

Regarding Paid up Capital of the company, take print out of "Company Master Details" from MCA's website, insert / update correction, get it signed from one of the directors and submit to MCA / ROC office. It will be updated by them.

Regarding omission of the word (India) from company's name in MOA & AOA, please check MOA & AOA submitted at the time of company incorporation and replace first pages of both MOA & AOA with new sheets with correct name.

Dinesh N

Article

156 Points Joined June 2009

Thank u Adarsh for your valuable suggestion.

Dinesh N

Article

156 Points Joined June 2009

Dear Sir,

CA. Satendar Kumar

Thank u for your valuable suggestion.

I just want to know whether the updation has to be done online or take a print out of the company master data write the correct figure and inform the ROC through a letter. Further whether there is any filing fee for the same or not.

Thanks

Regards,

Dinesh N

CA Parth Shah

Chartered Accountant

369 Points Joined August 2009

Originally posted by :Ketan Kumar G Shah
"	Regarding Paid up capital: If this is the 1st financial year i.e. the 1st Balancesheet after the incorporaton is yet to be filed with ROC, then as soon you file the Balancesheet the paid up capital will get rectified automatically.	"

Agree...

CA.SKR

CA; CS-Final (One Group); DISA (ICAI); I

442 Points Joined August 2009

Originally posted by :Dinesh N
"	Dear Sir, CA. Satendar Kumar Thank u for your valuable suggestion. I just want to know whether the updation has to be done online or take a print out of the company master data write the correct figure and inform the ROC through a letter. Further whether there is any filing fee for the same or not. Thanks Regards, Dinesh N	"

As clearly mentioned in my earlier reply, just take printout of company master details (which in itself is in a letter form addressed to ROC), incorporate necessary corrections, pass board resolution for taking it on record and for authorising one director to sign and submit the same to ROC, and then finally submit physically to ROC with supporting evidence.

There is no filing fee for the same.