share appl. money

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2011 Is it valied to accept Share appl.money from share holders in case of pvt. ltd. co. without increaseing Autorised capital?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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04 January 2011 it is valied to accept Share appl.money from share holders in case of pvt. ltd. co.

when you will issue share then paidup capital will be increased.

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udit sharma

udit sharma (Expert)
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04 January 2011 Hi...

Agreed with expert!

You can accept the share application money, but before making an allotment against the share application money so received, ensure that the paid up capital of the Company after making such an allotment is within the Authorised Capital of the Company.

In case, it is likely to exceed, then before making an allotment, you will have to increase the Authorised Capital of the Company.

Regards

CS Udit Sharma

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Jayashree S Iyer

Jayashree S Iyer (Expert)
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05 January 2011 I would like to differ here.

If the Authorised Share Capital is already fully paid up, further share application money cannot be accepted without increasing the ASC as there is no scope for further allotment. First get the ASC increased and then accept the application money.

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Ram Avtar Singh

Ram Avtar Singh (Expert)
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07 January 2011 Share application mony can be refund so no need to bound with ASC . ASC will be increase befoure issue share.

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