Allottment
This query is : Resolved
03 October 2009
If shares are not allotted for than 3 yrs. then what treatment should be given to the application money which stands in my balance sheet?
Secondly,Is there any statutory guideline for this?
Plz resolve this and oblige.
Secondly,Is there any statutory guideline for this?
Plz resolve this and oblige.
03 October 2009
This amount is shown under current liability.
after 7 years transfer it to Investor education and protection fund with interest accrue on it.
after 7 years transfer it to Investor education and protection fund with interest accrue on it.
03 October 2009
agree
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