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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Reprocessing of rectification order AY 2025-26
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Section 50-fixed asset-->building ceases to exist
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
