25/01/2017 · Without prejudice to any other liability or action, if the securities for which application money or advance for such securities was received cannot be allotted within sixty days from the date of receipt of the application money or advance for such securities and such application money or advance is not refunded to the subscribers within fifteen days from the date of completion of sixty days, such …22/02/2018 · 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 ;· (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 Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being ;· Advance share application money recd. is shown as "Share application money pending allotment" on the face of B/S (in some books it is suggested to show such amount under current liabilities however in some recent big balance sheet I have seen the first treatment).. i think there is no time limit for allotment of shares under private placement share application money can stand in …Share application money in private limited co [Resolved] | Corporate LawAdvance Share Capital treatment - Corporate Law ForumShare application money in private limited co [Resolved] | Corporate LawShare application money in private limited co [Resolved] | Corporate Law10/10/2013 · 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 of security. In view of this, share application money pending allotment should be treated as current liability in books of accounts and should be disclosed as a current liability and not as a part of share capital.

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