Redemption of preference shares

[shilpi]

Dear Friends,

Good morning

I have a query, recently i have filed form SH-7 for redemption of preference shares, i have filed Board resolution in form as attachment, but roc has raised a query that we need to file altered MOA along with Explanatory statement and notice.

Now i dont understand why roc is asking for altered moa when there is no change in the MOA, we are just changing the paid up capital not authorised capital.

If anybody has done this so please advice.

Thank you in advance.

With Best regards

CS Shilpi Gupta  

[csyogan .]

last year i have faced four such redemption cases

roc in hyderabad also asked us to file revised constitutional documents

we then filed a letter that there was no any revision in our case and the form was approved

in the recent case, i have simply attached moa & aoa even without a query from roc

roc might have just felt that it is a revision, and approved it without raising any query

i have gone through certain exceptional cases where moa & aoa were altered pursuant to redemption

the form was in a way accommodating those cases.. instead of reading in between the lines, roc.s are simply asking to file revised moa & aoa

regards,

yogan.

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[Shilpi Gupta]

yes you are right, now that form has got approved, i have just attached one letter stating that we are not altering our authorised capital.

thank you for your response 

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With Best Regards

Shilpi Gupta

CS, LL.B, B.Com

MMR Group

[parul choudhary]

[Priya Khandelwal]

hI,

 can u share document which u attached with SH-7