Share application pending allotment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2013 If the share application money is pending for more than 1 year. then can it be shown in other current liability head of balancesheet? Anything else is required to be disclosed? pls reply.

CA Pooja Agarwal

CA Pooja Agarwal (Expert)
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15 July 2013 no it cannot be shown under current liability.

it has to be reported just after shareholder's fund .

I addition to that following disclosure has to be made in notes to accounts
Over due period for which application money is pending prior to allotment of shares.

Reason for over due period for which application money is pending prior to allotment of shares