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?
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.
when you will issue share then paidup capital will be increased.
Message likes :
1 times
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
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
Message likes :
1 times
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.
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.
Message likes :
1 times
07 January 2011
Share application mony can be refund so no need to bound with ASC . ASC will be increase befoure issue share.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Grand in aid
- Gst on travel by air for business purposes
- ASMT-10 received from A O
- IT returns for fresh job holders
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Reporting in TDS return
- CLOSING STOCK QUERY
- F&O reporting in ITR
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
