Dear Experts,

A Private Limited Company has Authorised Capital of Rs.1 Lakh.

Company has been continuing for many years ‘Unsecured Loan from Director-cum-Shareholder’ of Rs.2.25 Lakhs in the Balance Sheet, however, its paid up Capital is only Rs.1 Lakh.

In view of CA 2013, I have the following query(s):

What has to be done for the ‘Unsecured Loan from Director-cum-Shareholder’, which has been continuing and reflecting in the Balance Sheet for many years?

Please reply…………………. with any URL / relevant Section for me to understand in detail.

What are the effects to be done in the Company’s Balance Sheet with immediate effect?

Please reply………………….

Should there be any qualification/remarks by the Auditor, in case, the Company still continue with the Share Application Money?

Please reply………………….

Thanks a lot to all in advance for doing the needful.

Dear Experts,

A Private Limited Company has Authorised Capital of Rs.1 Lac.

Company has been continuing for many years Unsecured Loan from Shareholder of Rs.0.25 Lakh in the Balance Sheet.

In view of CA 2013, I have the following query(s):

What has to be done for the Unsecured Loan from Shareholder, which has been continuing and reflecting in the Balance Sheet for many years?

Please reply…………………. with any URL / relevant Section for me to understand in detail.

What are the effects to be done in the Company’s Balance Sheet with immediate effect?

Please reply………………….

Should there be any qualification/remarks by the Auditor, in case, the Company still continue with the Share Application Money?

Please reply………………….


Thanks a lot to all in advance for doing the needful.

Dear Experts,

A Private Limited Company has Authorised Capital of Rs.1 Lakh.

Company has been continuing for many years Share Application Money of Rs.1 Lakh in the Balance Sheet.

In view of CA 2013, I have the following query(s):

What has to be done for the Share Application Money, which has been pending and reflecting in the Balance Sheet for many years?

Please reply…………………. with any URL / relevant Section for me to understand in detail.

What are the effects to be done in the Company’s Balance Sheet as well as in a realistic manner?

Please reply………………….

Should there be any qualification/remarks by the Auditor, in case, the Company still continue with the Share Application Money?

Please reply………………….


Thanks a lot to all in advance for doing the needful.

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