Share Application Money

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Can share application money be in the form other than cash like assets etc??If it cannot allot shares can it write off it's assets or transfer that amount into any reserves(if share application money is in the form other than cash)
Replies (2)
How can shares be sold in form other than cash ?
I don't think above u r telling u can do
It's not shares...it's share application money..Can share application money be in the form other than cash


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