Preliminary Expenses

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  • Whether issue of shares against memorandum subscription be treated as Preliminary  Expenditure?Ie..... can the etry be Debit to Preliminary and Subsequent credit to share capital?
  • Whether FORM 2 (return of Allotment ) be filed with ROC for the allotement of shares against the memorandum subscription.?
  • Is it necessary that Preliminary exp should be thru cash movement

 

Replies (2)
form 2 is not necessary for subscription through memorandum
has been specified some where in the act or any rules for the same?


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