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.
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