share application money
This query is : Resolved
31 March 2010
what is share application money
pls explain
pls explain
31 March 2010
Companies, by and large, raise their capital through issue of shares. The process starts with the invitation through application with a part of money towards the value of shares being paid along with applications for shares in the company. The process of allotment and return of money to those, whom shares are not allotted, takes some time. In the meanwhile, the money received with applications remains with the company. This amount is "Share Application Money"
31 March 2010
THANKS A LOT
31 March 2010
My Pleasure.
31 March 2010
SIR CAN YOU HELM ME IN THIS MATTER.
METTER IS THAT A PVT LTD CO. CAN GIVE LOAN TO THEIR DIRECTORS
METTER IS THAT A PVT LTD CO. CAN GIVE LOAN TO THEIR DIRECTORS
31 March 2010
DEAR RAJENDER,
PLEASE TELL ME ---
1) % OF SHARES HELD BY THAT DIRECTOR
2) WHAT IS THE BUSINESS OF THE COMPANY?
PLEASE TELL ME ---
1) % OF SHARES HELD BY THAT DIRECTOR
2) WHAT IS THE BUSINESS OF THE COMPANY?
31 March 2010
1. 49 %
2. IMPORT, EXPORT OF PULSES, PALM OIL, RICE
1. 49 %
2. IMPORT, EXPORT OF PULSES, PALM OIL, RICE
31 March 2010
YOU MEAN TO SAY 1 DIRECTOR IS HOLDING 49% SHARES.
31 March 2010
YES SIR
31 March 2010
DEAR RAJENDER,
PLEASE DONT GIVE LOAN TO THAT DIRECTOR AS YOU WILL FALL IN TRAP OF SEC.2(22)(e) OF INCOME TAX ACT i.e. DEEMED DIVIDEND. AS PER COMPANIES ACT THERE IS NO PROBLEM BUT AS PER I.T. ACT THE SAID AMOUNT OF LOAN WILL BE TAXED IN THE HANDS OF DIRECTOR AS DEEMED DIVIDENT.
SO, AVOID GIVING LOAN.
PLEASE DONT GIVE LOAN TO THAT DIRECTOR AS YOU WILL FALL IN TRAP OF SEC.2(22)(e) OF INCOME TAX ACT i.e. DEEMED DIVIDEND. AS PER COMPANIES ACT THERE IS NO PROBLEM BUT AS PER I.T. ACT THE SAID AMOUNT OF LOAN WILL BE TAXED IN THE HANDS OF DIRECTOR AS DEEMED DIVIDENT.
SO, AVOID GIVING LOAN.
31 March 2010
THANKS AGAIN
31 March 2010
YOU ARE MOST WELCOME.
Message likes :
1 times
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- Invoice V/S Goods receipt Note Date
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Regarding appeal to GSTAT
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
