share capital

the paid up share capital of the pvt. ltd co. is 100000/- and the share application money is 83 lacs, can the company retain the private limited name and issue shares by increasing the sahre capital.

the share holders are less than 7

shilpa

There is no upper limit for capital, as long as the authorised capital in Memorandum takes care of it.

check up if the paid up cap + 83 lacs is less than authorised capital of the Co.  If not u can always increase the authorised capital and issue the shares for Rs 83 lacs.