Treatment of excess money on share Application


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 August 2010 sorry for half post there some may be tech. problem. Rs 5 on first

21 August 2010 Excess share application money need to refund back

Avatar

Querist : Anonymous

Profile Image
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.

02 August 2025 https://docs.google.com/document/d/1Zt454U7e8cH-bn4Ybj5MfXisFdDp9nfOSyFHn3-fHAM/edit?usp=sharing


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details