Share Application Money

This query is : Resolved 

18 October 2008 Can a company accept share application money (pending for allotment) in excess of its authorised share capital?

18 October 2008 No

18 October 2008 But since shares are not allotted, what is the problem to accept share application money in excess of authorised share capital.


18 October 2008 The problem is clarity is missed in the question.



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