A listed company has applied for shres of another listed comapny in April 2011.no shares have been alloted till 31/3/2012.
Furthus no no shares have been alloted till 30th may 2012,which is the day the books of accounts are finalised.
How should I treat the same in the books of accounts?
Also if i Have parked my funds as application made to unlisted company and private company,of which no shares have been alloted till the year end(31/3/2012) and furthur remain unalloted till 30th may?how should the same be treated?
IS THERE ANY TIME LIMIT APPLICABLE FOR AFOREMENTIOND CASES.???
CAclubindia
