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Self generated intangible assets

This query is : Resolved 

10 August 2016 Dear Expert,

can unlisted Limited company show Self generated Intangible Assets in its balance sheet?

Please guide.

Thanks you

10 August 2016 yes. It can be done. No problem.

10 August 2016 Then how to tally Balace sheet? What to add in liability side?

11 August 2016 it will be the RESERVE...isnt it?

11 August 2016 Capital Reserve or What?

11 August 2016 the nomenclature is as per the choice of the company

11 August 2016 Sir,

One more query.

The company has not opened share application money and accept cash and issue shares.

now how to show it?

Any Solution for the same?

Thank you

11 August 2016 why share application money account is not opened? any reason?
(In most of the cases of private limited company, share capital is subscribed in full and in cash also)

11 August 2016 They did not have any idea and advisor had not informed the same.

Its Limited company.

What are the remedies and consequences?

Thank you

11 August 2016 I think since the query is event specific, please contact a 'Company Secretary in practice' for a practical solution

11 August 2016 Noted with Many Thanks Sir.

11 August 2016 you are most welcome


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