co. have received share application money in march 2018 but sh-7 appoved on 05-06-2018 for increased in authorised capital. we have filed sh-7 on 30th april 2018. can we allote share to share holder on the 15th may that. or we have to allote share after appoval of form SH-7 for authorised capital.
2) Authorised capital increased Rs. 2 crore and we have received share application money of Rs. 1 Crore. can we allote 1 crore rs. share to share holder. or it is compulsory to get 2 core from share holder for allotement of share.
CAclubindia
