Share Application money pending allotment

This query is : Resolved 

14 July 2008 Under what head share application money pending allotment will come (unsecured loan or current liabilites)?

14 July 2008 "Share Application Money Pending Allotment" take it as a part of shareholders funds as a seperate item to the Banlance Sheet.

It may be noted that the funds do not belong to the company or to the shareholders.

15 July 2008 Yes Rames's view is correct. It is a part of shareholders fund.

15 July 2008 sHARE APPLICATION MONEY SHOULD BE TRANSFERRED WITH IN THE 6 MONTHS.


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