Treatment of excess money on share Application

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2010 X applied for 150 shares and 100 shares alloted to him. FV Rs. 10.
Issue Price Rs. 12 per share {Rs. 2 App., (3 on Allot. + Rs. 2 on Securities Premium due at d time of allotment) Rs. 5 on First

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2010 sorry for half post there some may be tech. problem. Rs 5 on first

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 August 2010 Excess share application money need to refund back

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2010 X applied for 150 shares and 100 shares allotted to him. FV of Rs. 10.

Issue Price Rs. 12 per share {Rs. 2 Application., (3 on Allot. + Rs. 2 on Securities Premium due at d time of allotment) Rs. 5 on First and final call.

Now My Qn. is How we treat Excess of amount of Rs 100 (On application these shares) will be adjust against Capital or securities premium.
What will be Forfeiture entry.

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