Loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2013
Suppose a Pvt. Ltd. co. X has taken loan from co. Y of Rs.2500000 on 05/05/2012. On 01/10/12 Co. X alloted 100000 shares @ Rs.15. Can X co. set off amount of loan against allotment
26 June 2013
I CAN NOT UNDER STAND FROM A PVT LTD CAN NOT TAKE LOAN.
AND YOU CAN NOT TAKE CONVERT LOAN IN SHARE CAPITAL.
FOR SAFE SIDE YOU GIVE BACK CHAEUQE THEN RECD AS A SHARE APPLICATION MONEY AND ISSUE SHARES
AND YOU CAN NOT TAKE CONVERT LOAN IN SHARE CAPITAL.
FOR SAFE SIDE YOU GIVE BACK CHAEUQE THEN RECD AS A SHARE APPLICATION MONEY AND ISSUE SHARES
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
- Capital gains-24.06.2025
- Clarification on Old to new regime - 10-IEA
- MP Minimum Wages Act
- FNO transaction not reflecting AIS
- Return forms related
- Imps payment related
- Can ITR 4 be used for reporting LTCG - FY24-25
- Regarding to Gift Received from relatives
- GSTN Suo Moto cancelled
- RODTEP Annual Return
- GSTR 1 filled with 40 lakh tax liability but GST 3B filed with nil taxable value
- Regarding Interest on Enhanced Compensation
- Whether in Notes to accounts shown as
- New GST Registration with 02 company
- In elgible ITC claimed in FY 2021-22 & 2022-23 is it to be paid through DRC03 or to reverse it
- Rent agreement prior to incorporating a Company
- REGARDING CAPITAL CONTRIBUTION BY PARTNER
- ITC 04 for Job work
- Best book for knowledge gain
- Affordable Logo Animation Studio
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
