Share application Money
This query is : Resolved
28 March 2011
Hi
My company is purchasing land in exchange wants to issue shares, therefore i wants to show in its accounts that share application money received in exchage of land.
This will be shown as
Land A/c---Dr
To Share Application Account--Cr
This means in other way share application money recd in kind.
My question is whether company can receive share application money in kind.
My company is purchasing land in exchange wants to issue shares, therefore i wants to show in its accounts that share application money received in exchage of land.
This will be shown as
Land A/c---Dr
To Share Application Account--Cr
This means in other way share application money recd in kind.
My question is whether company can receive share application money in kind.
29 March 2011
Allotment of shares for consideration other than cash is permitted.
You need to file Form 2 on allotment of shares showing "allotment for consideration other than cash".
You need to file Form 2 on allotment of shares showing "allotment for consideration other than cash".
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Are Customised Caps the Smartest Way to Promote Your Brand?
- Capital gain of property recd from partnership firm
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
