Disclosure for shares alloted

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Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2013 Dear Sir,
I have a query for Disclosure of Shares being alloted for Part consideration as cash and part consideration other than cash.
Example in this situation:
A Ltd has to pay to B Ltd Rs.100
B Ltd has to pay to A Ltd Rs.70

Then B Ltd gives the offer to A ltd to Take the shares of Rs.100 and pay the balance Rs.30 in cash as net settlement.

Then what would be the required disclosure of the allotment.
Opt 1- Entire allotment for consideration other than cash
Opt 2-Entire allotment for cash
Or Any other,if yes,then please provide.

Thank You

Ganeshbabu K

Ganeshbabu K (Expert)
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23 August 2013 1)As per revised schedule VI you mandatorily required to disclose "details pertaining to aggregate number and class of shares allotted for consideration other than cash need to be disclosed only for period of 5 years immediately preceeding the balancesheet date including the current year"

reference: revised schedule VI guidence note by ICAI

2)no seperate disclosure required for shares allotted for cash,,however we should provide reconciliation of shares outstanding at the begining and ending of the period

Querist : Anonymous

Querist : Anonymous (Querist)

26 August 2013 But sir, as per the example stated above, what amount should be disclosed as allotment for consideration other than cash.
-the whole amount of settlement, i.e. Rs. 100
-or the part amount of Rs. 70

Querist : Anonymous

Querist : Anonymous (Querist)