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Regarding calls in arrears on share capital
The company is a wholly owned subsidiary of foreign company which is incorporated in September 2017. The share capital is received in the month of august 2018. and company not file fcgpr and arf form as per fema act 1999. so now, the question is, whether we can show the total share capital as call in arrears in balance sheet or not. please suggest any other option if anybody have. The last date of aoc 4 is coming. Reply asap. Thanks in advance.
Replies (5)
Compounding provisions under FEMA be applicable
Nivedita can you plz suggest whether we can take the Share Capital of the company to be NIL since the subscripttion amount has not been received by the company.
In B/s - Should be presented as Calls in Arrears
How the total share capital show as call in arrears? In this case no application and allotment money
How the total share capital show as call in arrears? In this case no application and allotment money
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