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.
It may be noted that the funds do not belong to the company or to the shareholders.
CA Abhishek Tyagi
(Expert)
15 July 2008
Yes Rames's view is correct. It is a part of shareholders fund.
Muthu Aravind
(Expert)
15 July 2008
sHARE APPLICATION MONEY SHOULD BE TRANSFERRED WITH IN THE 6 MONTHS.
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