Pending allotment money
This query is : Resolved
Huzefa Ali Manager
(Querist)
14 April 2014
if I am having pending allot miney as on date 31 march.wiil new act wil b appkicable on that money..means whether I have to allot shares for it in 60 days..if suppose 60 days have elapsed as required under neq ca 2013 and I have nt alloted shares dan what wil happen..if I allot it nw as if there is no form available to aubmit to roc..plz helo sir what is the way to solve it as I dnt want such money to be mwntioned in my balance sheet of this year
14 April 2014
U have two option
1) U have to allot share within 60 days or
2) U have to refund application money
Otherwise such application money is treated as Public deposit and RBI rules and regulation apply accordingly
1) U have to allot share within 60 days or
2) U have to refund application money
Otherwise such application money is treated as Public deposit and RBI rules and regulation apply accordingly
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Form 144 TDS Return Validation Error – Mandatory Fields
- Rent agreement of House of deceased person
- Applicability of tax on invoice
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Form 144 TDS Return Validation error
- GST ITC as per notification 12/2023- central tax
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
