our authorized capital is 3000000 shares of Rs 10 (Rs. 3,00,00,000) each and paid up 2485200 shares of 10 each
we have collected share application from selected shareholders Rs.52,30,000, is it possible to allot share to these selected shareholders at a premium in place of increase in authorized capital ? ( if allot SAM at par than Revised Share capital(2485200+523000) crosses Authorized capital(3000000) )
CAclubindia
