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    Subscription amount partly received

    Posted By : Sachin / Published on : 07-Dec-2020 10:47 AM / View : 457 / Comment : 0

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    Dear Members,

    A Private Limited Company has been incorporated under 1956 Act. Form 1 shows subscribed capital as 5 lakhs. But for all these years, paid up capital of the Company is shown as 1 lakh in financials and the same has been filed till now. What should be shown in present years financials as paid up capital? Any idea on how this can be set right?
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