Share Capital

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Bharath Kumar (Querist)
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27 December 2008 Can a Private Limited Company accept share application money more than its authorised Share capital? If it has accepted share application money more than its authorised capital, what would be the legal implication

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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27 December 2008 Yes, it can be accepted. Company may lateron increase the authorised capital and allot or refund the application money.

CA Vivek Jain

CA Vivek Jain (Expert)
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27 December 2008
Yes, it can be accepted. Company may lateron increase the authorised capital and allot or refund the application money.

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CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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27 December 2008 Yes, it can accept and increase the authorised capital later or refund the money.

C A GROUP COACHING

C A GROUP COACHING (Expert)
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27 December 2008 YOU SAID SHARE APPLICATION MONEY.
ALLOTMENT OF SHARES SHOULD BE WITHIN THE LIMITS OF AUTHORISED CAPITAL & ALSO BE CAREFUL ABOUT THE MAXIMUM MEMBERSHIP APPLIOCABILITY OF 50 + EMPLOYEES & EX EMPLOYEES OF THE COMPANY.
INCASE YOUR ALLOTMENT IS TO BE MORE THAN AUTHORISED CAPITAL THAN INCREASE THE AUT.CAP FIRST & THEN PROCEED TWRDS ALLOTMENT

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