Is share application amendment applicable to pvt company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 June 2012 Dear Sir,

kindly provide the amendment regarding share application money pending and is it applicable to pvt company also.

kindly explain it

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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30 June 2012 Share Application money pending allotment is to be disclosed as a
separate line item on the face of Balance Sheet between “Shareholders’
Funds” and “Non-current Liabilities”. Share application money not exceeding
the issued capital and to the extent not refundable is to be disclosed under
this line item. If the company’s issued capital is more than the authorized capital
and approval of increase in authorized capital is pending, the amount of share
application money received over and above the authorized capital should be
shown under the head “Other Current Liabilities”.
It will apply to a private company also.