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Share Application Money

This query is : Resolved 
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(Querist)
18 October 2008 Can a company accept share application money (pending for allotment) in excess of its authorised share capital?
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Bharath Kumar

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Bharath Kumar (Expert)
18 October 2008 No
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charudatta

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charudatta (Querist)
18 October 2008 But since shares are not allotted, what is the problem to accept share application money in excess of authorised share capital.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 October 2008 The problem is clarity is missed in the question.
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