Share application money pending allotment

untill you make allotment it is shown as application money

as application money under which head as per Revised Schedule VI ??

 

other non current investment

reason?? why it is not shown under long term loans  & advances??

share application money is not a loan anyhow , any amount used to acquire shares of a company is allways investment

but it can be called advance money given for acquiring shares....which are not alloted on reporting date.. than hw cn we term it as investment?? in revised schedule VI there is no disclosure for such a instance under investment head also... and the company receiving such money also showing it seperately on the face in another broad head not in share capital... can u tell me any refrence for any such related point.??

It should be disclosed under the head loans and advances as Share application money  since it is an "advance"

Classify either as Long term or short term depending upon the terms of allotment

ITS SHOULD BE SHOWN IN Other current liabilities AS PER REVESIED SCHEDULE VI (point g)

Application money received for allotment of securities and due for refund and interest accrued thereon. Share application money includes advances towards allotment of share capital. The terms and conditions including the number of shares proposed to be issued, the amount of premium, if any, and the period before which shares shall be allotted shall be disclosed. It shall also be disclosed whether the company has sufficient authorized capital to cover the share capital amount resulting from allotment of shares out of such share application money. Further, the period for which the share application money has been pending beyond the period for allotment as mentioned in the document inviting application for shares along with the reason for such share application money being pending shall be disclosed. Share application money not exceeding the issued capital and to the extent not refundable shall be shown under the head Equity and share application money to the extent refundable i.e., the amount in excess of subscriptttion or in case the requirements of minimum subscriptttion are not met, shall be separately shown under ‘Óther current liabilities’