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
shilpa (practising cs) (24 Points)
08 July 2008the 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
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 08 July 2008
There is no upper limit for capital, as long as the authorised capital in Memorandum takes care of it.
CA Rajesh S
(Chartered Accountant)
(1581 Points)
Replied 08 July 2008
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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