Hi everyone,
Can anyone of you explain the treatment of excess debenture application money and pending allotment of debenture application money which has to be followed by the private limited companies.
Please do share your views,
Thanks
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Debenture application money
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For Payment At the time of liquidation Shareholders are paid at last debentureholders are paid- after paying off before the shareholders. debentureholders, creditors etc.Surplus At Liquidation Surplus is not paid to After paid all the liabilities if debentureholders. there is any surplus, is paid to shareholders.
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