Dear Members
Sundry Creditor of Rs. 3 Lacs to be converted into Shares
Is it Possible
If yes, then procedures, Resolutions, and necessary forms to be filed?
Menu
Conversion of creditors into shares
Replies (1)
It will be better to make payment to creditors and then take share application money from them. In case of public co. follow Unlisted Public Cos. (Preferential Allotment) Rules 2003.
Recent Topic
- ITR-3 Filling issues
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
Related Topics
CAclubindia
