Share capital of pvt ltd co.
This query is : Resolved
Querist : Anonymous
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.
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.
Ajay Mishra
(Expert)
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.
The shares can be issued up to the Authorised share capital of the company.
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