govt. co.
This query is : Resolved
12 September 2010
pls anyone tell me there is a govt. co., in which govt. is holding 80% shareholding n now govt has given Rs. 1 cr. to get more equity shares bt co. can't issue shares to govt.than nw how we will treat with rs. one crore and in which head of balance sheet this amount will be shown?????????
25 September 2010
Though I am not sure on what grounds the shares cannot be issued, since the same is received for the purpose of shares and if there are circumstances preventing issuing shares the amount should be returned.
If the govt still wants to inject funds into the business the same amount can come back as a loan into the company with an appropriate loan agreement.
An alternative way would be to write up an agreement to nullify the equity application money and convert it to loan. This will avoid funds going back and forth. But the company secretary can advise you better on that.
If the govt still wants to inject funds into the business the same amount can come back as a loan into the company with an appropriate loan agreement.
An alternative way would be to write up an agreement to nullify the equity application money and convert it to loan. This will avoid funds going back and forth. But the company secretary can advise you better on that.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Rectification under processing even after 6 months cpc portal
- Closer of business and itc of capital goods
- Capital gain on commercial property and investment in residential property
- Movement of goods by packers and movers - type of sale - Reg.
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
