Share application money
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2013
Can share application money be retained for many years in a Private Ltd. Company
Ajay Mishra
(Expert)
24 July 2013
Hi
As per revised Schedule VI, no you can not retain share application money for more than year. you will give the details of application money and their treatment in Balance Sheet.
As per revised Schedule VI, no you can not retain share application money for more than year. you will give the details of application money and their treatment in Balance Sheet.
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