Sowmya.S.Balan (Paid Assistant) (749 Points)
28 December 2011can a company accept share application money in excess of authorised share capital of the company. Is any legal problem in it
Parashar
(Company Secretary 2004)
(1013 Points)
Replied 28 December 2011
No a company cannot accept application money in excess of authorised capital, first you have to increase the authorised capital and then only you can accept further application monely.
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