CARO Applicability
This query is : Resolved
26 March 2009
My auestion is about CARO applicability.
Will share application money pending for allotment be considered while calculating paidup share capital for private company ??????
Please answer with reason...............
Will share application money pending for allotment be considered while calculating paidup share capital for private company ??????
Please answer with reason...............
CA. B.SRINIVASULU
(Expert)
26 March 2009
Share application should not be considered as part of paid up capital because the same can be returned or alloted both the options are open.
Share application should not be considered as part of paid up capital because the same can be returned or alloted both the options are open.
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