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CARO Applicability

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(Querist)
26 March 2009 My auestion is about CARO applicability.

Will share application money pending for allotment be considered while calculating paidup share capital for private company ??????

Please answer with reason...............
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
26 March 2009
Share application should not be considered as part of paid up capital because the same can be returned or alloted both the options are open.
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