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sweta (Querist) 13 September 2011 This query is : Resolved
Dear All,

Please find the case below:

"A Pvt Ltd" is holding Company of "B Pvt Ltd". "B Pvt Ltd" was incorporated with authorised capital of Rs. 50 lakhs. By mistake even the subscribed Capital was entered as Rs. 50 lakhs in MOA & AOA subscription page. Also, the company was incorporated with subscribed Capital Rs. 50 lakhs.

Now, "B" has completed one year and as on date the Subscribers have not paid the subscription money. They have deposited only Rs. 1 lakh in the bank. The company has not issued share certificates to the subscribers.

On MCA portal, authorised and paid - up capital is shown as Rs. 50 lakhs.

Now, is there any solution so that we can reduce our paid - up capital. I mean can we reduce our subscribed capital. Is there any way in which we can show that or rectify mistake.

What should be the further course of action in this regard.

Warm Regards,

Sweta Todi
M.Com, A.C.S

9833189497

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prabhakar singh (Expert) 13 September 2011
WE have resolved not to advise those who are commercial establishment and can afford services of a lawyer without pain.