Share application money

Thanks for reply sir but Its 60 days in case of unlisted pub co.

In case of public companies, shares must be allotted within 2 months of receiving the application money.

However, in case of private companies nothing is provided so far.

Before receiving the application money the Authorised Capital must be taken into consideration. Because the purpose off application money is allotment of share. Therefore, it must be within the limits of Authorised Capital. Otherwise the Authoriseed Capital must be increase accordingly.

Thanks Ankur sir....

It means a company cannot receive application money beyond its Authorise capital. Is it so? Cant it be possible to first receive the sh app money and then increase the auth cap accordingly after sometime ?

Also pls tell me the resolutions to be passed in BM and GM regarding conversion of private company to public company.