31 July 2009
In Balance Sheet Abstract part we have to show capital raised during the year so in that particular heading what will be shown in private issue column i.e. increase in authorised capital or no. of shares allotted during the year??
Suppose Company A has increased its share capital on may 2002 say increase of Rs. 50 lac and allotment was done in dec 2003 of 49 lac then for the year 2002-03 what will i show in abstract part??
what if company is showing 49 lac as a share application money in 2002-03??
31 July 2009
If application money recd in 2002-03 agaisnt increase of share capital , then it is correct to show it as share application money in 2002-03.
When Share alloted, then it reduced by such amount .
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