25/01/2017 · (vii) 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 applied for;Interest received Share application moneyadvance against share application from HWB NWNAKA at Kohat University of Science and Technology, Kohat14/04/2013 · Although share application money is one kind of advance given with the intention to obtain the allotment of shares/equity/preference shares etc, such advances are innately different form the normal loan or advances specified both in section 269SS or 2(22)(e) of the ;· 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 15 ;· Allot shares or refund the money at the earliest Any money received as advance in the course of ordinary business shall be treated as deposit if goods or services are not provided within 365 days of receipt. If Company is private limited, penalty will attract since it can’t accept deposit other than from Directors application money in private limited co [Resolved] | Corporate LawShare application money in private limited co [Resolved] | Corporate LawAdjustment of share application money as per new companies Act, 2013Adjustment of share application money as per new companies Act, 201318/12/2008 · Can an India company use an account called Share application money for advances from a parent company How best to treat advances from a parent company when the work is not performed yet Need help with entries cash advance share application revenue etc.

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