can a expense paid by a shareholder, on behalf of the company be treated as share money advance?
for ex. audit fee of a company, paid by the director cum shareholder, through his personal sb a/c cheque?
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SHARE MONEY ADVANCE
Replies (1)
No, It can not be treated as Share Application Money, Unless and until the Shareholder give the No Objection in writing for such, that It will be fair enough if the Amount can be treated as the Share Application Money
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