director executive salary
"No Minimum paid-up capital:"
The Companies Amendment Act, 2015 has come up with an amendment that there no minimum capital requirement for starting a public limited company. the words of five lakh rupees or such higher paid-up share capital has been removed which pertains to the minimum paid up share capital of the company. So a public limited company can start its business without any amount of minimum capital restriction.
While rule-4 (1) of NIDHI Rules, 2014 says
(1) A Nidhi 1[Omitted] shall be a public company and shall have a minimum paid up equity share capital of five lakh rupees.
MCA not allowing to Incorporate with 1 lac Capital while already some companies Incorporated with 1 Lac so not able to clear about the Applicability of Act or Rule which one supersede ?
CIN U65990MH2021PLN355452
Company Name MAHILA PARIVARTAN URBAN NIDHI LIMITED
ROC Code RoC-Mumbai
Registration Number 355452
Company Category Company limited by Shares
Company Sub Category Non-govt company
Class of Company Public
Authorised Capital(Rs) 500000
Paid up Capital(Rs) 100000
Received From MCA:
“Affidavit/declaration pursuant to rule 29 (1) of companies (incorporation) rules, 2014 not enclosed/ Notice calling EGM is not on company's letter head and thereby violated the provisions of section 12 of ca, 2013. You are advised to file adjudication application under section 454 of ca, 2013 and submit proof”
Can anyone suggest what needs to be done or do share Format for Declaration.
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What is the procedure & consequences?
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Pls clarify
