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Share application money

This query is : Resolved

Anagha KOlapkar (Querist)
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13 October 2012 There is Company "Vinod Limited" in which "Anagha Limited" is holding shares.
There is a Share Application Money Pending for Allotment in the liability side of the Vinod Ltd.
So my query is that under which head in Assets side (as per Revised Schedule VI) the Anagha Ltd will disclose that Share Application Money ?????

Should it disclose as an Investment or as an Assets ... ????

Ajay Mishra

Ajay Mishra (Expert)
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13 October 2012 Hi

If in the Vinod Limited balance sheet shows it as share application money pending allotment then in the Anagha Limited Balance Sheet treat it as investment in Vinod Limited.

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