ALL on SHARES and SHARE CAPITAL

nice dheeraj

same thing dheeraj

so same reply

Hi,

what is accounting treatment of dividend on cumulative prefernce shares ? Whether we have to make provision for cumulative preference dividend every year till the year in which we pay dividend or we have to show it as a contigent liability ?

In my opinion we should make provision every year. It is not a contigent liability.

The views of other members are welcome.

Awesome sharing at one place commendable job

well done sir

wat a trendsetter sharing sir...hats off to u.......

god bless u keep sharing

I have a case... Please help me.

I started a pvt ltd company with 2 directors me and my friend with equity distribution of 60% (for me) and 40% (for my friend). After few months due to some dispute my friend stopped taking part into company decision and now he is neither taking any phone call nor replying to any mail. Its allmost 1 year he his not replying to any form of communication.

When i asked him to pay the share capital he rejected... I wrote him a mail for "Call of Share Capital" and provided him a timeline of 21 days to pay the money to company account. and i also mentioned in mail that if he fails to pay on time then company will forfeit or lien his part of shares as applicable by company law.

He did not replied to that mail and not paid any money. During this phase when he was inactive I appointed one of my relative as an additional director into company.

Now my question is how should I deal with this situation... I am not willing for any litigation right now as company is not earning enough. But I am facing issue in return filing... because company has only 60% of paid up capital.

Is there a way I can overcome with this situation without involving CLB?