share application money
This query is : Resolved
23 July 2010
authorised capital Rs. 100000/-
issued , subscribed &paid up capital RS. 100000/-
WE COLLECTING MONEY RS. 16,00,000/- AS SHARE APPLICATION MONEY W/O INCREASE AUHORISED CAPITAL ,CAN WE DO THAT PLEASE PROVIDE INFORMATION .
issued , subscribed &paid up capital RS. 100000/-
WE COLLECTING MONEY RS. 16,00,000/- AS SHARE APPLICATION MONEY W/O INCREASE AUHORISED CAPITAL ,CAN WE DO THAT PLEASE PROVIDE INFORMATION .
CA. Anoop Gadia
(Expert)
23 July 2010
in this case you refund the extra application money.
or you can issue shares on premium.
or you can issue shares on premium.
Aditya Maheshwari
(Expert)
23 July 2010
How shares can be issued in premium when entire authorised capital is exhausted?
Aditya Maheshwari
(Expert)
23 July 2010
If u have received share application money then increase the authorised capital simultaneously otherwise u have to refund the share application received as u cannot make allotment for the same.
Also there is no rule FOR the limit of holding share application but preferably allotment must be made within 6 months.
Also there is no rule FOR the limit of holding share application but preferably allotment must be made within 6 months.
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