plz tell me about the share application money yet not alloted to shareholders in pvt. company that can pvt. ltd. co. use such share application money.........reply quick
CA rohit swami (CHARTERED ACCOUNTANT) (262 Points)
20 April 2013plz tell me about the share application money yet not alloted to shareholders in pvt. company that can pvt. ltd. co. use such share application money.........reply quick
CS MOHIT SALUJA
(PRACTICING CS Jalandhar 9914558709)
(5155 Points)
Replied 22 April 2013
The share application can not be usd in a company untill and unless the shares are being allotted in respect of such money.
Sneha
(Company Secretary)
(1594 Points)
Replied 23 April 2013
The notification which came in Dec, 2011 for prefrential allotment was applicable only to unlisted public company. Hence situation for private company remains same as before.
Agree with Mohitji.
CAclubindia
