Revsch-vi-if share application money exceeds issued capital?

Hi everyone,

Revised schedule VI says  "Share application money (SAM) pending allotment – separate line item – SAM not exceeding issued capital and to the extent not refundable shall be disclosed as seperate line item in Capital and the balance in other current liabilities". What if share application money pending allotment exceeds issued capital? What is the disclosure requirements? Is there any legal complications? Kinldy guide me in this.

Thanks & Regards,

Satya