12 October 2013
Yes,, it is dislloawed because of capital in nature...
however if there is no fresh infusion of capital,,means share capital issued or bonus shares issued,,in such case expences paid to ROC for increase in share capital is allowed as it is considered as revenue expences . . So refer to facts of case and decide on disallowance/allowance . . Refer below link..will be useful
CAclubindia
