NEFT payment for increase in authorized capital

[Vivek Hegde]

Dear Friends,

Greetings of the day.

Can anyone give solution to this?

1. NEFT challan was generated for ROC fees and stamp duty on 21.10.2015. Validity of the challan is 28.10.2015.

2. Due to bank holidays, payment against the above challans was made only on last date 28.10.2015.

3. NEFT linking is made for ROC challan on 29.10.2015 and same is confirmed.

4. Unfortunately, linking against stamp duty challan (D series SRN) was not successful. I am getting an error "invalid SRN".

5. I raised a ticket. No solution yet.

6. Status of Form SH-7 is showing " pending for stamp duty payment "

7. If I proceed to pay stamp duty using pay stamp duty option, I am getting an error "payment against earlier SRN is pending"

8. I understand if the NEFT linking is not done within 24 hours, amount will be reversed.

9. Can I then pay stamp duty?

Kindly advise if anyone faced similar problem. Thanks in advance.

[SHRIKANTJI JOSHI]

i had the same experience

mca cant help you in this regards

where you did the NEFT call in that bank (i. e. MCA bank not your bank )and ask the reversal of payment, right now it is in suspense account

and co ordinate with MCA to remove this challan from system and then file form again

we did the same

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[Vivek Hegde]

Thank you for your reply. 

But payment is confirmed for ROC payment and that can not be revered I guess. Only Stamp Duty payment can be reversed. In that case how can we file the form afresh. Only we can pay stamp duty to the existing SH-7 challan.

Warm Regards

CS Vivek Hegde,B.com, FCS, CMA

Vivek Hegde & Co.
Company Secretaries
No. 2034, 26th Cross, K.R.Road
Banashankari II Stage, Behind 

Sevakshetra Hospital

Bangalore-560070
Mob : 09900898223

Off: 080 26710667

[arjun na]

Dear sir,

Simillar problem I faced. Fee is around 3lakhs. It took 4 months to get resolved. We have raised MCA compliant and asked Mr vijetha (ROC - Bangalore itg support guy) to raise ticket and

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[SHRIKANTJI JOSHI]

what is stutus of your SH-7 challan and stamp duty challan

[Vivek Hegde]

SH-7 status - Waiting for Stamp Duty Payment

Stamp Duty challan status - Payment Confirmation awaited from Bank

Warm Regards

CS Vivek Hegde,B.com, FCS, CMA

Vivek Hegde & Co.
Company Secretaries
No. 2034, 26th Cross, K.R.Road
Banashankari II Stage, Behind 

Sevakshetra Hospital

Bangalore-560070
Mob : 09900898223

Off: 080 26710667

[SHRIKANTJI JOSHI]

then

call the bank ask reversal of stamp duty challan

then ask MCA call center to remove it form system

and pay from payment for stamp duty , select original and put srn of SH-7 and pay

or you have another option file refund form firs available at site

and again upload form

 

[Vivek Hegde]

Dear All, 

No solution found for this issue yet. Below is the extract of the mail sent to the concerned detailing the facts. Can anyone suggest some solution?

With reference to the above, I would like to bring the following facts to your kind notice:

1. We had filed Form SH-7 for increase in Authorized Capital on 21.10.2015. We had generated NEFT mode of payment and generated the challans as per Annexure I. The Service Request Numbers (SRNs) of two challans (One for ROC fees and another for Stamp Duty) are CXXXXXXX and DXXXXXXX.

2. The payment against the above two SRNs was made on 28.10.2015 as per below UTR Nos:

- XXXXXXXXXXXXXXXXXXXXXX  for Rs.53,23,500/-

 

- XXXXXXXXXXXXXXXXXXXX for Rs.7,10,000/-

3. As per NEFT process, we need to link the NEFT payment using UTR Nos within 2 days from the date of making the payment. Accordingly, the payment against SRN CXXXXXXX (Rs.53,23,500/-) was successfully linked on 29.10.2015 and payment is confirmed as per challan enclosed as Annexure II.

4. Unfortunately, we could not link the payment made against SRN DXXXXXXXX (Rs.7,10,000/-). The moment we put the SRN we were getting an error "Please enter the valid SRN. We tried many times. But could not succeed in linking the payment.

5. Surprisingly, when we were checking the status of payment, we got to know that there is another SRN DYYYYYYYY (Rs.7,10,000/-) generated for stamp duty payment as per Annexure III. Interestingly, the date of SRN is 29.10.2015 and expiry date of the SRN is 28.10.2015. However, in the "Track Transaction Status" the date of SRN is showing 21.10.2015.

6. We tried linking the payment of stamp duty to the new SRN generated. But we were getting an error - Unique Transaction Number (UTN) has been marked for reversal. Please contact concerned bank for more details. Accordingly, the payment of Rs.7,10,000 has been reversed to the Company's Bank Account on 02.11.2015.

7. Now the stamp duty on increase in Authorized Capital is not paid and hence the status of Form SH-7 is showing - Waiting for Stamp Duty Payment

​8.

 ​We tried to pay the stamp duty again using "Pay Stamp Duty" option available at the MCA portal. Unfortunately, we are getting an error - 

Kindly note that additional (differential) stamp duty payment against the entered MCA21 service fee SRN cannot be done as the payment against the Original Stamp Duty SRN is pending.Kindly make the payment against the Original Stamp duty SRN. 

​9. In order to solve this technical issue, we had lodged a complaint in the MCA website and the ticket is yet to be resolved. Attaching the details of the ticket as Annexure IV.

10. In view of the above, we kindly request you to resolve the issue and allow us to make the payment of stamp duty on the SRN 

CXXXXXXXX

​. Since the amount involved is very huge and there is no fault from my client whatsoever in payment of fees/stamp duty in time, we request you to help us in this matter and oblige. Should you require any clarification, do let us know.

Warm Regards

CS Vivek Hegde,B.com, FCS, CMA

Vivek Hegde & Co.
Company Secretaries
No. 2034, 26th Cross, K.R.Road
Banashankari II Stage, Behind 

Sevakshetra Hospital

Bangalore-560070
Mob : 09900898223

Off: 080 26710667

[Jayashree Chandrasekaran]

has the error been resolved?

Jayashree

C.JAYASHREE
PROPRIETOR
S.GANESH&ASSOCIATES
CHENNAI
98840 17120

[Vivek Hegde]

No Madam,

We lost 53 lakhs and applying for refund. Filing SH-7 again with additional fees now. For no fault from our side, following are the penalties:

1. Additional fees for fresh SH-7

2. Legal implications due to delayed filing as above

3. Loss of interest on 53 lakhs till we get refund

4. Deduction from the amount while refunding

5.Arranging for another 53 lakhs

[Jayashree Chandrasekaran]

This is really frustrating and since the amount involved is huge,the ramifications are also very high

Jayashree

[Vivek Hegde]

Yes. Very weak technical support they have. For paying money to government also we have to suffer.