Accounting of roc fees paid to increase authorised capital
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2012
My client has paid ROC fees to increase the authorised capital. same has been shown as advance in asset side on 31st march.
As the company is going to issue share on 10th of may they are saying they will adjust it with share premium.
Please tell the correct accounting treatment of the expense. and please give the reference of Accounting standard or companies act.
Thanks in Advance
Regards
Piyush
As the company is going to issue share on 10th of may they are saying they will adjust it with share premium.
Please tell the correct accounting treatment of the expense. and please give the reference of Accounting standard or companies act.
Thanks in Advance
Regards
Piyush
05 May 2012
The fees cannot be adjusted with share premium. It has to either to be expensed out or capitalised and written off in 5 equal annual installments.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 May 2012
Sir,
Thanks for replying back...can you please share reference of any section or any AS.
As i tried to find out the reference of any section or companies etc but nothing is clearly mentioned.
Thanks for replying back...can you please share reference of any section or any AS.
As i tried to find out the reference of any section or companies etc but nothing is clearly mentioned.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR validation error - Balance sheet is not filled
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Bank Accounts in Balance Sheet for ITR 3
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
