03 September 2014
I have one query relating to the allotment of Right Issue of Private Limited Company:
1. Authorised Capital increased on 22.05.2014
2. Existing shareholders deposited Share Application money in Company Current account as follows
1. 1st Shareholder: Deposited cheque & cleared as on 20.05.2014 full payment
2. 2nd Shareholder Deposited money as follows: - half application money as on 14.07.2014 -some part as on 12.08.2014 -remaining as on 22.08.2014
3. 3rd shareholder deposited money as on 14.08.2014 full payment.
So my question is how can i tackle this situation as all application money received on different date and what will be the date of allotment. Queries: 1. Whether is it correct to show allotment in to two different date as per Application Money received by Company. 2. Whether is it correct to show only single allotment on 22.08.2014 but in that case share application money received from 1st shareholder passed 60 days criteria.
CAclubindia
