Share application money
This query is : Resolved
27 February 2014
Can a company receive an amount of share application money in excess of it's Authorised capital ??
If yes, why so??
If yes, why so??
27 February 2014
yes a co. can receive more application money then its authorised capital.
Suppose A ltd has in its Auth. Cap 20000 eq. shares @rs. 100 each i.e, Rs 20,00,000.
Issued & received 20000 eq. shares at Rs 200 each (Rs. 100 premium). i.e, Rs. 40,00,000.
But remember a co. can't issue more shares than its authorised capital. (i.e, 20000 eq. shares only in our example).
Suppose A ltd has in its Auth. Cap 20000 eq. shares @rs. 100 each i.e, Rs 20,00,000.
Issued & received 20000 eq. shares at Rs 200 each (Rs. 100 premium). i.e, Rs. 40,00,000.
But remember a co. can't issue more shares than its authorised capital. (i.e, 20000 eq. shares only in our example).
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
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Eway bill generation from place other than registeted
- Condonation . E-Verification of last year return .
- Rental income gst and it purpose
- GST rate and HSN code for sale of racing horses
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
