Allotment of shares

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2013 Dear sir,
Our client a Benefit company called and Received the Share Application money from Members. The main problem is they are called continuously through out the Year.
The main problem is they are not yet allotted till the Completion of the Financial Year and they are showing in their books as a Share Application money.
Is there any Consequences for Non-Filling of Form-2 with ROC?.

Ajay Mishra

Ajay Mishra (Expert)
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29 August 2013 Hi

Please check, Balance sheet as per revised Schedule VI, in which you will disclose the nature and details of share application money .

So make arrangement as per revised Schedule Vi.

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