Share application money
This query is : Resolved
Sree kanth
(Querist)
28 March 2014
Sir i need a clarification about share application money.my company was taken 35 lacs this year from various memebers and presently companys authorised capital is 1 lakh only and it will be increased 50 lac from 1.4.14.
presently how to account far all the funds taken by company ..
presently how to account far all the funds taken by company ..
Rupesh Jain
(Expert)
03 April 2014
firstly you company cannot take application month excess from your unsubscribed capital.
now you can show in current liability and issue share after increase the capital of the company
now you can show in current liability and issue share after increase the capital of the company
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