Dear Experts,

Please suggest whether a pvt. ltd. company cn use Share application money for day to day office expenses before any allottment made??

Is there ny restrictions to do so by Pvt Ltd. Company, Detais are given hereunder for your reference:-

Co Incorp Date:- June-10 2013
Auth Capital-50 Crore
Issued Capital-200000
Application Money recd-5 Crores
Salries & Other expenses - 2.45 Crores.

Please advise experts opinion...

Thanks
Abhishek Bansal

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