Company Formation Expenses
This query is : Resolved
Sanjay Jain
(Querist)
15 July 2009
Can a ubscriber to the memorandum be allotted shares against the money he spent for formation of company? Expns will be shown under misc exp in balance sheet and corresponding entry will be in share capital a/c.
Please advise.
Please advise.
CA. B.SRINIVASULU
(Expert)
15 July 2009
Yes he can be alloted with shares. But you have file form 2 to roc indicating the number of shares alloted against re-imbursement of preliminary expenses.
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