Issue expenses
This query is : Resolved
31 October 2012
Sec 78 of companies act says that share issue expenses can be adjusted against securities premium a/c. what if the issue has failed & the amount has to be returned to the investors. Can the issue expenditure still be adjusted against the securities premium we have of some previous issue...???
Please provide with some link also if possible.
And kindly revert ASAP.
Please provide with some link also if possible.
And kindly revert ASAP.
Ajay Mishra
(Expert)
20 November 2012
Hi
No, if the shares are not alloted by the company, then the money will be return by the company to investor and all expenses will be made by the company and adjustment will be made because you have not made any allotment.
No, if the shares are not alloted by the company, then the money will be return by the company to investor and all expenses will be made by the company and adjustment will be made because you have not made any allotment.
23 November 2013
Sorry for replying so late...but do you mean that the share issue expense cannot be adjusted against securities as the share has not been allotted?
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
Similar Resolved Queries
Unanswered Queries
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Import Order Cancelled.
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- ETDS return q4 25-26
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
