Company incorporation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2013 Sir,

Our company has been incorporated on 30 Aug 2013 and all the ROC filing regarding incorporation has been done on 23 August 2013 what should be the entry if payment is made by a director and on which date it should be recorded 30th August or 23 August

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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09 September 2013 if u havent rec certificate if incorporation then till u rec that all such exp are preliminary exp and needs to account accordingly.

record it on date of 30.8.2013

Ajay Mishra

Ajay Mishra (Expert)
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09 September 2013 Hi

First of all call a Board meeting and then it will decide the same. It will be better to made entry after Board Meeting.

You can not made any entry before the date of incorporation.

Ajay Mishra

Ajay Mishra (Expert)
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09 September 2013 In First Board Meeting Following Agenda will passed:

PRELIMINARY EXPENSES

The Chairman placed before the Board, a statement of preliminary expenses incurred in connection with the incorporation of the company and printing of Memorandum and Articles of Association of the Company and other expenses related thereto. It was pointed out that the total preliminary expenses amounting to Rs.___________ have so for been incurred. The Board discussed the matter whereupon, following resolution was passed :

“RESOLVED THAT the preliminary expenses amounting to Rs. ________ [In words] expended in connection with the incorporation/registration of the Company as per the statement placed before the meeting be and is hereby approved.

“RESOLVED FURTHER THAT the amount of preliminary expenses incurred by the Promoters in connection with the incorporation/registration of the Company be paid to them.”

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Querist : Anonymous

Querist : Anonymous (Querist)

10 September 2013 Thanks for the reply. I just want to clarify that after the board meeting we can record preliminary exp in the books on 30/08/2013, is that so.

Ajay Mishra

Ajay Mishra (Expert)
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10 September 2013 Yes, it is very much possible.

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