Allotment of securities

This query is : Resolved

saheb (Querist)
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18 February 2015 Dear Sir/ Madam,

Please help me out on this.

While allotment of shares consideration is Unsecured Loans, so the question is while filing the form PAS-3 it will be considered as;
1. consideration in Cash
OR
2. Consideration in Kind

Thanks & Regards.

Guest

Guest (Expert)

18 February 2015 If the loan was received as cash(by bank), then consideration would be in cash. If the loan was introduced as an asset or in kind, the consideration would be kind.

Guest

Guest (Expert)

18 February 2015 If the loan was received as cash(by bank), then consideration would be in cash. If the loan was introduced as an asset or in kind, the consideration would be kind.

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