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Share Application money pending allotment

This query is : Resolved 
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(Querist)
14 July 2008 Under what head share application money pending allotment will come (unsecured loan or current liabilites)?
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CA. Ramesh P Choudhary

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CA. Ramesh P Choudhary (Expert)
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.
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CA Abhishek Tyagi

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CA Abhishek Tyagi (Expert)
15 July 2008 Yes Rames's view is correct. It is a part of shareholders fund.
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Muthu Aravind

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Muthu Aravind (Expert)
15 July 2008 sHARE APPLICATION MONEY SHOULD BE TRANSFERRED WITH IN THE 6 MONTHS.
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