Share application money
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2014
Suppose, i got share application money Rs 545.00, where as per share cost Rs 10.00, now my question is that is, I issue 50 nos of share to investor or asked them to pay Rs 5.00 more so that i can issue 51 nos of shares.
Mean, can i call further money from investor once i recd as share application money to round off nos. of shares.
Mean, can i call further money from investor once i recd as share application money to round off nos. of shares.
26 March 2014
I am sure the application money would be accompanied with a form stating the number of shares applied for by the Applicant. If he has applied for 51 Shares then you can call for the balance amount if not allot for 50 shares and refund the balance amount.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2014
Thnx Mr Anand, its a pvt ltd firm and non listed co and application money recd on account, not in a form format or formalites, jst investor deposit a sum of money into my pvt ltd bank
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Movement of goods by packers and movers - type of sale - Reg.
- Wrong CMPo8 file
- GST on reimbursement of expenses
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
