minimum
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2010
Hi sir,
1. What is the Minimum amount to be collected by the company on share applictaion?
2. What is the Minimum amount to be paid by the member on share application?
Recently i read in CPT study material it is mentioned that
1. A Company should collect minimum amount of 5% on face value on application
2. In more paragraph it is mentioned that a member should pay minimum amount of 25% on issue price on application
My query is what is the correct one, how I should understand above 2 sentences?
1. What is the Minimum amount to be collected by the company on share applictaion?
2. What is the Minimum amount to be paid by the member on share application?
Recently i read in CPT study material it is mentioned that
1. A Company should collect minimum amount of 5% on face value on application
2. In more paragraph it is mentioned that a member should pay minimum amount of 25% on issue price on application
My query is what is the correct one, how I should understand above 2 sentences?
Ajay Mishra
(Expert)
16 November 2010
Hi
Its depend on company to company.
In case of listed company under preferential allotment, the company will received 25% of application money as upfront money as per SEBI (ICDR) Regulations, 2009.
Regards
Its depend on company to company.
In case of listed company under preferential allotment, the company will received 25% of application money as upfront money as per SEBI (ICDR) Regulations, 2009.
Regards
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- Capital gains in IT returns
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
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
