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Please Help: Master Data Correction on MCA

Posted Date : 21-Apr-2016 , 06:12:03 pm | Posted By: CA Shraddha Vora

Category : Corporate Law | Answers : 0| Comments : 1| Hits: 759

A Company while increasing its Authorised Share Capital from Rs. 1 Cr to Rs. 8 Cr has wrongly mentioned Paid Up Capital also as Rs. 8 Cr and MCA also approved the Form SH-7 and Master Data of the Company is also updated from MCA side with wrong Paid Up Capital of Rs. 8 Cr without filing Form PAS-3(Return of Allotment). Again that same Company filed Form SH-7 for increasing its Authorised Share Capital from Rs. 8 Cr to Rs. 8.05 Cr with Correct Paid Up Share Capital mention in it as Rs. 1 Cr, but MCA has approved the Form by increasing its Authorised Share Capital by Rs. 8.05 Cr with same Paid Up Capital of Rs. 8 Cr Only even after mentioning the right Paid up capital of Rs. 1 Cr in the Form. Is there any solution available to Correct the Paid up Capital in the Master Data of the Company?

Comments
Posted By : Sahana G 25-Apr-2016, 12:21:12
Go amd talk to the Concerned ROC Officer
 

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