Preliminary Expenses

CA.Madhavan (Chartered Accountant) (942 Points)

07 September 2007  
  • Whether issue of shares against memorandum subscription be treated as Preliminary  Expenditure?Ie..... can the etry be Debit to Preliminary and Subsequent credit to share capital?
  • Whether FORM 2 (return of Allotment ) be filed with ROC for the allotement of shares against the memorandum subscription.?
  • Is it necessary that Preliminary exp should be thru cash movement