Will share application money pending for allotment be considered for calculating paidup share capital for the purpose of CARO applicability on private companies.
Please answer with reason..............
1 Replies
Zeeshan
(Student)
(33 Points)
Replied 27 March 2009
No, because at time of calculating paid up capital, reserve & surplus included but application money is not the part of capital.
| O riginally posted by :gourav | ||
| " | Will share application money pending for allotment be considered for calculating paidup share capital for the purpose of CARO applicability on private companies. Please answer with reason.............. |
" |
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