Share application money
This query is : Resolved
17 May 2010
In case of a private limited companies, can share application money be more than the authorised share capital?
17 May 2010
yes. Share application money can be more than authorized share capital. But before allotment, make it sure that authorized capital is increased so that Authorized capital is >= Shares allotted.
17 May 2010
Share application money may be more than the authorised share capital in case of share applciaton money received for shares to be issued at preimum.
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