Dear Professional Colleagues,
Can a Private Limited Co.can accept Share Application Money over & above its Authorised Share Capital?
Please also try to quote any caselaw/judgement (if any) given against the decision given in ITO vs Nandi Promoters(P) Ltd.
Thanku
dear sanjay,
the total of paid up share capital & share application money should not exceed the authorised share capital.
i dont know any case law on this but i am 100% sure about this.
regds,
sangram
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
Karia Overseas
Ahmedabad
CA
View Details
CAclubindia
