Query regarding Form 23AC - Capital Reserve / Capital subsidies.

ABC Ltd in its Balance Sheet has mentioned Rs.2,00,000/- under the Heading ‘Capital Reserve’.

There is a note mentioned in the Balance Sheet. That is, Capital Reserve represents subsidy received from the State Government under the State Capital Subsidy Scheme, 1971.

Query : Where do we fill the amount Rs.2,00,000/- ?

Whether we will fill in Page 6 – II. 13. Capital Reserve only or

Whether we will fill in Page 6 – II. 15. Capital subsidies…… only or

Whether we will fill in Page 6 – II. 13. Capital Reserve & also in
15. Capital subsidies.

Experts may recommend the appropriate method for mentioning the amount in the right field.

Thank you for all the concerned.

Query regarding AS 18 to be filled in Form 23ACA & 23ACA

Following may be seen :

Transactions with the related parties as per AS-18

Sale of Finished Goods 1
Purchase of Raw Materials 1
Purchase of Capital Goods 2
Consumables 2
Fees for technical assistance 3
Consultancy services 2
Interest on ECB 2
Travel Expenses 2
Towards share capital -2
Conversion charges 2
Repayment of loan 5
Reimbursement of expenses, net -4

Please confirm whether AS 18 for BS is 9
and P & L is 18 or

Please suggest the appropriate method with the basis.

Experts may guide suitably on the above matter and THANKS for the concerned.

OIDC(a government owned company)and a group of firms in Daman have made an agreement to DEVELOP ROAD and for which one of such firm has paid Rs.260000/- to OIDC(firm's share) which is material,considering the nature of firm so whether the expenditure can be considered as Capital expenditure or revenue expenditure?

Respected Members,

A Company having its registered office in the State of Gujarat has availed some credit facilities from a bank of New Delhi, that bank is not having any branch in the city where registered office of the Company is situated.

Documents were executed at New Delhi only, my question is Stamp duty of which state shall be applicable for execution of the documents... Gujarat or Delhi ?

Queries regarding the Paid Up Capital in Form 2

ABC Ltd had Equity paid up capital of Rs.14,50,76,030/-.

Subsequently, the company issued 71,41,750 equity shares at Rs.10/- each.

71,41,750 equity shares were partly paid up at Rs.5/- per share.

Query 1 : Form 2 was filled in the following manner - Please confirm the correctness. I am unable to find out the ERROR:

Number of shares allotted – 7141750
Nominal amount per share – 10
Total nominal amount - 71417500

Amount paid per share on application - 10
(excluding premium)

Total amount paid on application (excluding - 71417500
premium)


Query 2 : Form 2 was filled in the following manner - Please confirm the correctness. I am unable to find out the ERROR:

- Sl. No.6 (b) (c) (d) were filled with Rs.21,64,93,530.
- Company Master Details also updated with Rs.21,64,93,530.

Query 3 : Now, the company has put paid up capital as Rs.180,784,780/- in Balance Sheet. I am unable to understand.

Experts may suitably advise / guide on the above queries.

Can some one tell me Calculation of dividend with proper example in case company has issue new share capital in mid year

Our company had appointed one of the director's daughter and son in law on Rs40000/- P.m on job as an officer last year
I want to know whether Section 314 is applicable ? and if yes then what is remedy ?

in the meaning of proper books of accounts..
Whether vocher part or not

sir , if company invested in partnership firm and profit earned during the year is it necessary to disclose it or we can show it in mis. income.

please inform me if a company made profit for the 2010 Rs.48000/-and wish to pay dividend 15000/- to its shareholder(total 15000 eq. share @ Rs.1/-each) then what will be the dividend tax for the year, and what will bethe entry ,please solve my problem