Forfeited shares impact on form MGT-7

[falguni shah]

When Party paid shares are forfeited by Pvt Company, In balance sheet the amount reflecting under head Share Capital is total of fully paid up and forfeited shares amount.

While filing Form MGT -7 the details of year closure period here the amount Issued capital, Subscribed capital and Paid up capital is to be mentioned

my query is 

1. whether in Issued capital, Subscribed capital does the forfeited shares amount is also to be added? {as the amount for partly paid shares were received}

2. Paidup Capital amount is to be reduced by number of shares forfeited? then the master data of the company will start reflecting only paidup amount? 

Can any one help in resolving my above two queries.

[JAI PRAKASH Jagdev]

You have to state number and paid up value of forfeited shares wherever asked for.

J P JAGDEV

CS

M.A., LL. B., M.B.A. FCS

22-A, KANSHI NAGAR

MODEL TOWN,

AMBALA CITY -134003

HR IN

99960 20660

94160 20660

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[falguni shah]

I agree with u sir.

but where it is mentioned as issued and subscribed capital the Forfeited amount is also to be consider and where paidup is mentioned we hav to reduce it with forfeited number of shares? correct me if i m wrong.

When is mentioned paidup capital with reduced amount of forfeited shares the master data will change is this correct way to file?

pls guide