share application money.
This query is : Resolved
17 July 2008
Hai.
The pvt ltd company is recieved 9 crore from its holding co during the year.The opening balance of share application money
remains unalloted in Balancesheet Rs 2 Crore.
I s there any rime limite allot shares??
Can subsiadiry reciece share application money without increasing authorised capital?
Where the appl money should shown in financial statement?
The pvt ltd company is recieved 9 crore from its holding co during the year.The opening balance of share application money
remains unalloted in Balancesheet Rs 2 Crore.
I s there any rime limite allot shares??
Can subsiadiry reciece share application money without increasing authorised capital?
Where the appl money should shown in financial statement?
17 July 2008
No time limit, but time limit might be governed by offer / contract document on private placement basis.
It will be illogical to raise application money if the authorised capital is not increased.
Pending allotment they are Current liabilities
It will be illogical to raise application money if the authorised capital is not increased.
Pending allotment they are Current liabilities
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