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Share appliaction money

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(Querist)
26 August 2013 Time period up to which money received can be shown as Shares Application money in the balance sheet in case of private company.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 August 2013 there is no specific time limit prescribed. but as per revised schedule, disclosure is required when the allotment planned for the application money

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