Is share application amendment applicable to pvt company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 June 2012
Dear Sir,
kindly provide the amendment regarding share application money pending and is it applicable to pvt company also.
kindly explain it
kindly provide the amendment regarding share application money pending and is it applicable to pvt company also.
kindly explain it
30 June 2012
Share Application money pending allotment is to be disclosed as a
separate line item on the face of Balance Sheet between “Shareholders’
Funds” and “Non-current Liabilities”. Share application money not exceeding
the issued capital and to the extent not refundable is to be disclosed under
this line item. If the company’s issued capital is more than the authorized capital
and approval of increase in authorized capital is pending, the amount of share
application money received over and above the authorized capital should be
shown under the head “Other Current Liabilities”.
It will apply to a private company also.
separate line item on the face of Balance Sheet between “Shareholders’
Funds” and “Non-current Liabilities”. Share application money not exceeding
the issued capital and to the extent not refundable is to be disclosed under
this line item. If the company’s issued capital is more than the authorized capital
and approval of increase in authorized capital is pending, the amount of share
application money received over and above the authorized capital should be
shown under the head “Other Current Liabilities”.
It will apply to a private company also.
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