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regarding share application money

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(Querist)
12 January 2010 pls tell me that in which head show share application money received which may be converted into issue capital by allotment or may be return back to applicants
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Abhishek Mohta

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Abhishek Mohta (Expert)
12 January 2010 As per schedule VI the share application money received by a company shall be shown under the Share Capital head immaterial of the fact that whether shares will be allotted or the money shall be refunded.
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Vikram Bishnoi

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Vikram Bishnoi (Querist)
12 January 2010 but i check sch-VI there is no such information but in current liability given "UNPAID SHARE APPLICATION MONEY RECEIVED BY THE COMPANIES FOR ALLOTMENT OF SECURITIES AND DUE FOR REFUND"
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