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
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Change Of Karta In Case of Death
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
Quick Links
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
