Query in Form 23AC - Private Placement
This query is : Resolved
Guest
Guest
(Querist)
09 November 2009
The private limited company was incorporated with Rs.1 Lac.
Subsequently, the company has allotted shares to one of the two directors say Rs.5 Lac.
Now, the total paid up capital is Rs.6 Lacs.
I noticed in the company's first annual report - balance sheet abstract page - it is mentioned only Rs.5 Lacs as PRIVATE PLACEMENT.
Is it right or it should be Rs.6 Lacs ?
Expect the comments of the Experts'.
Subsequently, the company has allotted shares to one of the two directors say Rs.5 Lac.
Now, the total paid up capital is Rs.6 Lacs.
I noticed in the company's first annual report - balance sheet abstract page - it is mentioned only Rs.5 Lacs as PRIVATE PLACEMENT.
Is it right or it should be Rs.6 Lacs ?
Expect the comments of the Experts'.
10 November 2009
Sir
The heading being 'capital raised during the year',the figure should necessarily be Rs.6,00,000/-
The heading being 'capital raised during the year',the figure should necessarily be Rs.6,00,000/-
10 November 2009
To the best of my knowledge paid up capital will be Rs. 6,00,000 but private placement will be shown Rs. 5,00,000 only in 23 AC
others views are also solicited.
Regards
others views are also solicited.
Regards
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