the paid up share capital of the pvt. ltd co. is 100000/- and the share application money is 83 lacs, can the company retain the private limited name and issue shares by increasing the sahre capital.
the share holders are less than 7
shilpa
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share capital
Replies (2)
There is no upper limit for capital, as long as the authorised capital in Memorandum takes care of it.
check up if the paid up cap + 83 lacs is less than authorised capital of the Co. If not u can always increase the authorised capital and issue the shares for Rs 83 lacs.
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