provision of roc exp

This query is : Resolved

Ramesh Kumar Bhatter (Querist)
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05 August 2010 AUTHORISED CAPITAL INCREASED W.E.F 01.01 2010 BUT DOCUMENTS FILED WITH ROC AND ROC FEES & OTHER CHARGES DEPOSITED ON 31.07.2010

WHETHER PROVISION OF ROC CHARGES IS REQD IN F.Y.2009-10

IN WHICH YEAR THESE EXPENSES WILL BE ALLOWED.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 August 2010 Provision is not required. Expenses will be allowed on payment basis i.e. in the previous year in which payment is made.

VINOD ARORA

VINOD ARORA (Expert)
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07 August 2010 Provision part is ok.

Your auditors may have issues regarding presentation of authorised share capital in the balance sheet as at 31st March.

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