When a private limited company is issuing further shares through private placement, whether actual receipt of money in a separate bank account shall be considered as share application money or cheque in hand also constitutes the same.
Menu
Share application money under private placement
Replies (3)
Share Application Money should be received in bank account.Mere receipt of cheque in hand is not a compliance in order to allot shares.
Actual receipt of money in the share application account is to be considered....Cheques in hand not to be considered......
I agree with the above answers
Recent Threads
- AIS NOT OPEN
- ICICI BHARAT 22 FOF AND NASDAQ 100 FOF CAP GAIN TA
- Schdule BFLA and CFL Error regarding adjustment of
- CIRCULAR WITH RESPECT TO WAIVER OF INCOME TAX OUTS
- How does opting for 44AD impact speculative income
- New GSTR 1
- Purchase and sale of land , showroom, building
- GTA provides services to unregistered person.GST i
- TDS on Sale of Ancestral property
- Tds on transport contractor
Related Threads
CAclubindia
