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26 August 2015 respected experts,
it is written in guideline of sebi that a company must receive minimum of 90% of subscription against entire issue before making allotment and in next para it is written sebi regulation that application money to be paid by applicants along with application money shall not be less than 25% if the issue price. may I have a clear description about this.
thanks

26 August 2015 try to note the minute difference between
A. Subscription and
B. Application money

If the issue is SUBSCRIBED for less than 90%, the company can not proceed on ALLOTTMENT

27 August 2015 sir,but it is written in cpt book of acc.




27 August 2015 Sorry to note that you are NOT focussing on the difference between the 2 situation.

Let me try explaining once again

The first situation is applicable for subscribing of shares by the PUBLIC. Take this as QUANTITY... say 100 shares issued...out of that 90 are subscribed by PUBLIC

The second situation deals with VALUE. Say a share of Face Value 10 issued at PAR, minimum of Rs.2.5 must be received on application.

Try to read both in separate context.

28 August 2015 thanhyou experts,I got the ans. to my qurrey

28 August 2015 you are most welcome.
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