Treatment of securities premium at forfeiture
Querist : Anonymous
please can any body clarify me the treatment of securities premium at the time of F\F of shares if the issue is oversubsribe premium is to be paid (1) 50% with application & remaining with allotment & allotee failed to pay allotment money(2) if entire premium is to be paid at the time of allotment & allotee fails to pay the say ...
x a holder applied for 1000 shares allotted 700 shares premium in case (1)apllication 4 includes 2 rs premium & allotmant 4 includes 2 rs premium fails to pay allotment
case 2 pays rs 4 on application includes premium of @2 & fails to pay allotment money@ rs 4 includes premium of @rs 2
thanks all for honouring the query...
Querist : Anonymous
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