Share capital transfer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2018
Dear experts,
1 director left pvt. ltd. company & sold his 7000 shares @ rs.10 each to others two directors in equal distributions (i.e 3500 shares @ rs. 10 each).
How to pass these accounting entry? please help.
1 director left pvt. ltd. company & sold his 7000 shares @ rs.10 each to others two directors in equal distributions (i.e 3500 shares @ rs. 10 each).
How to pass these accounting entry? please help.
16 May 2018
Per se, since there is no change in the Capital, no Journal Entries is required in Books of Accounts. Only the Shareholding pattern has changed.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2018
but the left shareholder sold his shares & separately bill raised mentioned the below particulars:
"being the bill raised for the transfer of 3500 equity shares of rs.10 each of xyz pvt. ltd. vide distinction no. xxx, certificate no. xxx @ rs. 10/- each"
Total: Thirty Five Thousand Only
despite, should i not required accounting entry? or only will change share pattern?
"being the bill raised for the transfer of 3500 equity shares of rs.10 each of xyz pvt. ltd. vide distinction no. xxx, certificate no. xxx @ rs. 10/- each"
Total: Thirty Five Thousand Only
despite, should i not required accounting entry? or only will change share pattern?
16 May 2018
only change in shareholding..
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