Share application money

sreedevi (Trainee) (118 Points)

01 September 2009  

 have a question regarding share capital of a Company. The details are:
Authorised capital Rs.400 crore. Paid up share capital - Rs.350 crore.
Share advance - Rs.70 crore.
Can share advance amount together with paid up share capital exceed Authorised share capital?
Your expert comments are solicited on this

C. Sreedevi