Money paid to invest in the company but the share were not alloted on the balance sheet date where it should be disclosed in the B/s either in the investements or in the deposit/ advances till the shares are alloted? Plz confirm the answer with any sources available with u...
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Disclosure as per schedule - VI
Replies (4)
share shold be Allowted within 180 days from the receipt of application money if not alloted then the money shold be return to the investor or apply for extensiion with valuable reason
I appreciate the query. In my opinion it should be shown under advances but lets wait for other views.
Hi Freinds,The MCA Recent Notification About Schedule VI Give New Format Of Balance Sheet & Profit & Loss A/c.
As Per This New Format Application Money Received Aganist Pending Allotement Are Specifically Shown Under the Head "HEAD NO. 2- APPLICATION MONEY RECEIVED AGANIST PENDING ALLOTEMENT " IN LIABILITIES/SOURCE OF FUND.
@ Arun Kumar thanks a lot dear friend. but i think the issue is where to show that in the books of investor not that of company
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