CHANDRA (Manager-Accounts) (26 Points)
29 October 2009Hi. Is there any format for maintaining register of Share Application money received by a Pvt Co. If yes then pls attach a format for that. or otherwise pls tell what are the documents required to be maintained in the co's office regarding the same. Thanx.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 29 October 2009
Hi, Register of share application money is a non mandatory register under companies act, 1956. However on simple advise for you is that if your Company has accepted the Share Application Money you may do one simple thing. You may record the above transaction i.e. receipt of share application money and assurance given to proposed allottee in the board meeting minutes.
In other words simple noting of such receipt in the board minutes would be enough. No need to take any kind of approval from any concerned authorities.
Regarding time limit to convert such share application money into capital the law is silent. However as per practice allot share with 6 months of the receipt of application money.
Best Regards
Further collect the share application form from the proposed allottee for your record. You may download the sample share application from the link mentioned below:
/share_files/files_display.asp?files_id=11908
Regards
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 29 October 2009
Find below the list of mandatory and non mandatory registers along with a useful attachment.
Mandatory Statutory Registers under Companies Act, 1956 Non-Mandatory Statutory Registers under Companies Act, 1956 Best Regards
Vishwa
(AA)
(25 Points)
Replied 23 May 2012
Find below the list of mandatory and non mandatory registers along with a useful attachment.
Mandatory Statutory Registers under Companies Act, 1956
Non-Mandatory Statutory Registers under Companies Act, 1956
Ankur Garg
Company Secretary and Compliance Officer
Ear Ankur I want to kanow spesificaly Which registers are mandatory ONLY for Private limited company.
Example: In the above list "Register of fixed deposit under Acceptance of Deposit Rules, 1975" since Pvt Co is prohibited to accept the Deposit form public, So there is no question of maintaing the same.
Therefor I need to know Statutory registers Mandatory Only in case of Private Company.
I would appriciate Your early reply.
Vishwa
(AA)
(25 Points)
Replied 23 May 2012
Find below the list of mandatory and non mandatory registers along with a useful attachment.
Mandatory Statutory Registers under Companies Act, 1956
Non-Mandatory Statutory Registers under Companies Act, 1956
Ankur Garg
Company Secretary and Compliance Officer
Ear Ankur I want to kanow spesificaly Which registers are mandatory ONLY for Private limited company.
Example: In the above list "Register of fixed deposit under Acceptance of Deposit Rules, 1975" since Pvt Co is prohibited to accept the Deposit form public, So there is no question of maintaing the same.
Therefor I need to know Statutory registers Mandatory Only in case of Private Company.
I would appriciate Your early reply.
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