Share Application Money
This query is : Resolved
18 October 2008
Can a company accept share application money (pending for allotment) in excess of its authorised share capital?
18 October 2008
No
18 October 2008
But since shares are not allotted, what is the problem to accept share application money in excess of authorised share capital.
18 October 2008
The problem is clarity is missed in the question.
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