Pls tell me, till what time share application money can be shown as pending allotment, in case of pvt. co. And what is the interest rate after that period. Pls also tell me where is it written.
Also, can a company receive share application money beyond is Authorised capital ? In a pvt. co's bal sheet, auth cap is equal to paid up cap and then also share application money is appearing in its balancesheet. Hoping to increase the auth cap with in sometime, can a company receive share application money?
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