Can a company receive an amount of share application money in excess of it's Authorised capital ??
If yes, why so??
Charusheela Taldeokar
(Management Trainee in CS firm_ CS Final)
(396 Points)
Replied 27 February 2014
No, Company Can not receive share application money in excess of authorised Share Capital. And to receive the excess money, first, you should take necessary steps to increase your authorised share capital.
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