allotment of shars
This query is : Resolved
RAMPRASATH R
(Querist)
13 September 2008
whether a pvt co which has 1 crore as authoised capital can have 2 crores as share application money and file the return to roc. what is the time limit for allotment of such shares
Jatin Jindal
(Expert)
15 September 2008
What is authority/support behind this statement.
15 September 2008
The Authorised Capital is always given in the Memorandum of the company. It is is the maximum amount of capital a company is authorised to raise from the public.
A company may, however, accept share application money in excess of the authorised capital and get its authorised capital increased simultaneously in anticipation of the fresh allotment.
A company may, however, accept share application money in excess of the authorised capital and get its authorised capital increased simultaneously in anticipation of the fresh allotment.
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