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Help---form 23ac

839 views 3 replies

Srutesh

Student CA Final

45 Points Posted on 15 May 2014

Need Help filling form 23ac for filing the balance sheet.

What is share application money given? Does it relate to

The share application money refunded back to the share holders or
The share application money paid by the company for shares in an other company.

Also whats the difference between the share application money given and the share application given during the year?

Replies (3)

P C Agrawal

Registered independent director Past Ch

8229 Points Posted on 15 May 2014

It is application money given by the co. for purchase of shares of other companies pending allotment of shares as on the Balance Sheet date.

Srutesh

Student CA Final

45 Points Posted on 15 May 2014

Thanks, That helped

Vandana J Doshi

Practising Company Secretary

12562 Points Posted on 17 May 2014

Agree with Agrawal Sir....

Furthermore, Share application money given implies the amount shown in the Balance Sheet in the assets side....Share application money given during the year means the amount which has been given during the year to other companies...

For eg., in the BS the figure of application money given is 100, whereas during the year only 50 has been advanced....implying the remaining is the one which has been given in pror period...

Hopefully it is clear....if not revert here

Regards