share application money

Hi Vineeth no problem.....

Agreed with sunil

Originally posted by : sunil
	Mere Receipt of share appicarion money doesn't oblige company to allott shares . So Application money should not be taken into consideration.

Dear All

There is no problem  share application and other capital exceeding the authorised capital. Share application unless alloted remains a liability and a company after a period of 6 month of so is required to pay intereest (if listed) 

NO ISSUES U CAN SHOW IT (IF NOT A LISTED CO.)