Can a company receive an amount of share application money in excess of it's Authorised capital ??
If yes, why so??
Can a company receive an amount of share application money in excess of it's Authorised capital ??
If yes, why so??
No, Company Can not receive share application money in excess of authorised Share Capital. And to receive the excess money, first, you should take necessary steps to increase your authorised share capital.
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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