Dear Professional Colleagues,
Can a Private Limited Co.can accept Share Application Money over & above its Authorised Share Capital?
Please also try to quote any caselaw/judgement (if any) given against the decision given in ITO vs Nandi Promoters(P) Ltd.
Thanku
dear sanjay,
the total of paid up share capital & share application money should not exceed the authorised share capital.
i dont know any case law on this but i am 100% sure about this.
regds,
sangram
Austin Med Solutions Pvt Ltd
Bengaluru
CA
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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PARV & Co.
New Delhi
CA Inter
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CCI
Pro
CAclubindia
