Issue expenses
This query is : Resolved
31 October 2012
Sec 78 of companies act says that share issue expenses can be adjusted against securities premium a/c. what if the issue has failed & the amount has to be returned to the investors. Can the issue expenditure still be adjusted against the securities premium we have of some previous issue...???
Please provide with some link also if possible.
And kindly revert ASAP.
Please provide with some link also if possible.
And kindly revert ASAP.
Ajay Mishra
(Expert)
20 November 2012
Hi
No, if the shares are not alloted by the company, then the money will be return by the company to investor and all expenses will be made by the company and adjustment will be made because you have not made any allotment.
No, if the shares are not alloted by the company, then the money will be return by the company to investor and all expenses will be made by the company and adjustment will be made because you have not made any allotment.
23 November 2013
Sorry for replying so late...but do you mean that the share issue expense cannot be adjusted against securities as the share has not been allotted?
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