share appl. money
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2011
Is it valied to accept Share appl.money from share holders in case of pvt. ltd. co. without increaseing Autorised capital?
04 January 2011
it is valied to accept Share appl.money from share holders in case of pvt. ltd. co.
when you will issue share then paidup capital will be increased.
when you will issue share then paidup capital will be increased.
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04 January 2011
Hi...
Agreed with expert!
You can accept the share application money, but before making an allotment against the share application money so received, ensure that the paid up capital of the Company after making such an allotment is within the Authorised Capital of the Company.
In case, it is likely to exceed, then before making an allotment, you will have to increase the Authorised Capital of the Company.
Regards
CS Udit Sharma
Agreed with expert!
You can accept the share application money, but before making an allotment against the share application money so received, ensure that the paid up capital of the Company after making such an allotment is within the Authorised Capital of the Company.
In case, it is likely to exceed, then before making an allotment, you will have to increase the Authorised Capital of the Company.
Regards
CS Udit Sharma
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05 January 2011
I would like to differ here.
If the Authorised Share Capital is already fully paid up, further share application money cannot be accepted without increasing the ASC as there is no scope for further allotment. First get the ASC increased and then accept the application money.
If the Authorised Share Capital is already fully paid up, further share application money cannot be accepted without increasing the ASC as there is no scope for further allotment. First get the ASC increased and then accept the application money.
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07 January 2011
Share application mony can be refund so no need to bound with ASC . ASC will be increase befoure issue share.
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