Fees paid to ROC for increased authorised share Capital
This query is : Resolved
ADITI BIDASARIA
(Querist)
12 August 2008
Hello Friends
Actually I want to ask, when we increase the authorised share capital of the Company we pay the fees under Schedule X of the Companies Act, 1956. So can we treat this fees as Deffered Revenue expenditure and write off per year as 20%?or
whether we will debit it, totally to the P&L A/c as an expenditure of that year.
Is it Capital Expenditure or Revenue expenditure?
Actually I want to ask, when we increase the authorised share capital of the Company we pay the fees under Schedule X of the Companies Act, 1956. So can we treat this fees as Deffered Revenue expenditure and write off per year as 20%?or
whether we will debit it, totally to the P&L A/c as an expenditure of that year.
Is it Capital Expenditure or Revenue expenditure?
Amit Bajaj
(Expert)
13 August 2008
It has to be charged off as and when incurred. it is not capital in nature.
Taranjit Singh
(Expert)
05 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....
Taranjit Singh
(Expert)
05 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....
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