Share capital of pvt ltd co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2013 dear all,

i have a query, a pvt co has an authorised capital of Rs.30 crores. company has offered shares upto Rs. 25 crs. there was an over subscription of Rs.29 crs. can the company convert the excess amount over 25 crs as further share capital since it falls within 30 crores. what is the procedure to be followed.

21 March 2013 You can only allot shares up to the issued shares at a price which you have decided earlier.

The shares can be issued up to the Authorised share capital of the company.


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