Can we use the amount lying in share premium account for paying rental deposits.

In the sense that the amount would be lying in share premium account itself and can we use the cash received from share premium towards payment of rental deposits and show share premium in liabilities side and rental deposit on asset side?

Suppose at the time of incorporation there were 4 person as a subscribers to the MOA & AOA i.e. first directors of the company and if one director dies after 2 years of incorporation then

My query is that

a) can we change the last subscription page of MOA & AOA if chairman wants to remove the name of deceased director as his all shares has been tranferred to one of the remaining director??

b) can we change relevant Article by mentioning name of current directors instead of first directors?? if yes then what would be procedure to get it done??

kindly clarify in detail


Regards
Vandana Kacholia

Sir,
I want to know what is IFRS (International Financial Reporting Std.) i suppose? whether it is applicable in India ? if yes from what date? & to which category of companies ?
Thanks in advance

One of our client has made a provision for diminishing in value of investment made in equity shares of a private company. For that we need to provide a board resolution for providing provision in the accounts. So can anybody send me the format of board resolution for diminishing in value of investment to mail id ravindra.ba@gmail.com

Hi Friends
My query
On whether the following 2 company are related or not
Apple Pvt Ltd Company, where Mr A and Mr B is a director ,
Orange Ltd Company is another Company where Mr A is the director, and
Mango Ltd Company is another Company where Mr B is the Director.
Now there is a transaction between Orange and Mango, wheather in the annual report of Orange Ltd it has to be reported, whether Sec 297, 301, and AS-18 will apply
Hope you understand my question
Thanks and Regards
CA L.GopalShah
Chartered Accountant
Bhubaneswar

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