If shares are not allotted for than 3 yrs. then what treatment should be given to the application money which stands in my balance sheet?

Secondly,Is there any statutory guideline for this?

Plz resolve this and oblige.

The entry to be passed for audit fee at the year end is
whether
audit fee Dr.... XXXX
To Audit Fee Payable XXXX

or

Audit fee Dr..... XXXX
To Provision for Audit fee XXXX

Please Clarify my doubt with relavant Base. Thanks in advance

Under which head following expenses by a soya oil & DOC manufacturing company can be entered:

1. Charges for Coal Feeding in boiler
2. Coal Smenling Charges
3. Ash Shifting Charges

Is any payment made to directors of a private company apart from remuneration will attract Section 314 of the companies Act 1956. If yes, what is the limit till which payment can be made. If the remuneration is zero then what will be the consequences.

Hello Sir,
I am very happy with ur valuable reply for my queries.

I am facing problem of preparation of Balance sheet for one hotel industry.

So can u able to provide me the format for the same

Thanks & Regards,
AMOL BHOSALE
Article Assistant

i have purchased ( imported ) micro oven 500 numbers for use in our company and used only 250 numbers but balance of 250 is not going to put into use and we will not use henceforth.

can i claim depreciation on that and what is the effect on both under companies act and income tax act

what is the difference between valuation of stock as per AS-2 and section 145A of the income tax act 1961

How to deal with interim dividend and final dividend while dealing with CFS?

Can anyone help me to finalise Balance sheet .. need step by step procedure for finalisation of Balance Sheet , wana know abt provisions , can anyone help me in this matter.

A company made a public issue of 1,25,000 equity shares of Rs. 100 each, Rs. 50 payable on application.The entire issue was underwritten by 4 parties - A,B,C and D in the proportion of 30%, 25%, 25% and 20% respectively. Under the terms agreed upon, a commission of 2% was payable on the amounts underwritten. A,B,C and D had also agreed on 'firm' underwriting of :
A : 4,000 shares
B : 6,000 shares
C : nil
D : 15,000 shares.
the total subscriptions, excluding firm underwriting, including marked applications were for 90,000 shares.
Marked Applications received were as under:
A : 24,000
B : 20,000
C : 12,000
D : 24,000
Ascertain the liability of the individual underwriter if:
1. firm underwriting is treated as marked applications,

2. firm underwriting is treated at par with unmarked applications and its benefit is given to all the underwriters in the ratio of amount underwritten.