Share application pending allotment
Webb10 jan. 2010 · Share application moneys, pending allotment, was treated as a deposit for purposes of Sec. 269SS in Bhalotia Engineering Works Pvt. Ltd. v CIT (2005) 275 ITR 399 (Jharkhand) ... Webb25 jan. 2024 · Any amount received and held pursuant to an offer made in accordance with the provisions of the Act towards subscription to any securities, including share application money or advance towards allotment of securities pending allotment, so long as such amount is appropriated only against the amount due on allotment of the securities …
Share application pending allotment
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WebbAllotment of Shares/ Securities Issuer company allows its securities in a span of 60 days from the date of receiving the application money for such securities and if the company is not able to allot securities within the given time, it has to refund the application money to the subscribers within 15 days after the completion of sixty days. Webb2 okt. 2015 · An unlisted company accepted share application money on 15 March 20X2 for allotment of shares. The terms with shareholders provide that share application …
WebbX Ltd. issued a prospectus inviting applications for 50,000 equity shares of Rs 10 each payable as to Rs 2 on application and Rs 3. On allotment and the balance on first and final call. The total number of applications amounted to 60,000 shares. The directors refunded money on 10,000 shares. WebbAccounting treatment of share application money pending for allotment invested by holding company in subsidiaries. Query No. 35: Recognition of free of cost equipment …
http://202.61.117.163/hiraattach/GridAttach/hira/nproj/17936000000001/axp_gridattach_11/2%20BALANCE%20SHEET%202424.pdf Webb7025 Strausser St NW , North Canton, OH 44720-6348 is a single-family home listed for-sale at $199,900. The 1,561 sq. ft. home is a 3 bed, 1.0 bath property. View more property details, sales history and Zestimate data on Zillow. MLS # 4450815
Webb30 juli 2024 · Share application money pending allotment The Rule requires reserves and surplus, by whatever name called, even if the resulting figure is negative, other than those set apart towards depreciation to be not included in the liabilities.
Webb10 sep. 2013 · Share application money is not a part of share capital because it is only application money and is not share capital. It becomes share capital only on allotment … list of all a levelsWebbIn the present case, the taxpayer was statutorily required to keep share application money in the separate account till the allotment of shares was completed. Interest earned on such separately kept amount was to be adjusted towards expenditure for raising share capital. images of gray tabby catsWebbAns:-In respect of instruments executed to pay amount annually or periodically , stamp duty is to be paid as follows depending on the circumstances.Where the sum payable during the period is previously ascertained , stamp duty is to be paid on whole of the amount. Where the sum payable is in perpetuity or for an indefinite time not terminable with any life, … list of all amazon marketplacesWebb25 jan. 2024 · Issue of Sweat Equity Shares under section 54 of Companies Act, 2013 Share application money pending allotment is restricted to 60 days in the below … list of all airline codesWebb13 okt. 2012 · The Commissioner of Income Tax (Appeals) on the appeal of the assessee held the following: It is agreed by the Assessing Officer that the sums received are towards share application money; When the nature of receipt par takes the character of share application money, it cannot be treated as loan/advance; At the time of receipt of money … list of all alex cross books in orderhttp://www.in.kpmg.com/taxflashnews/KPMG-Flash-News-Shree-Rama-Multi-Tech-Ltd-2.pdf images of gray walls with brown floorsWebb22 feb. 2024 · Share application money pending allotment is an amount received on share application against which no allotment has been made yet. Companies are required to allot shares within 60 days from the date of receipt of application money. If no allotment has been made within 60 days, then whole application money shall be refunded within next … images of gray subway tile backsplash