Share Application Money Pending Allotment.
This query is : Open
16 October 2017
For what period can a Pvt. Ltd. company hold share application money as per Companies Act 2013 and deposits received in 2016-17.
17 October 2017
1. Allotment shall be done within 60 days of receipt of application money. If allotment is not done within 60 days then refund the whole application money within next 15 days. Refund application money along with interest @12% p.a. after the expiry of 60 days, and·It shall be treated as a public deposit after the expiry of the said 15 days.
2. File the details of monies so accepted to the Registrar in Form DPT 3 duly certified by
its statutory auditor
2. File the details of monies so accepted to the Registrar in Form DPT 3 duly certified by
its statutory auditor
Message likes :
1 times
17 October 2017
Shall the situation be same for a Pvt. Ltd. company also?
bcoz as per my knowledge and reading of the act, this provision shall apply only to public Ltd companies
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
- GST Regis.
- Inventory of finished goods
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
