Share application money in private ltd.co.

sanajy kumar agrawal (chartered accountant) (24 Points)

22 March 2013  

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