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Share application money received in excess of issued share capital should be shown as a current liability. When a company receives share application money in excess of its issued share capital, it represents an obligation to return the excess amount to the applicants if the shares are not allotted. The amount which is yet to be allotted will come under Share application money pending allotment, however amount over and above the issued share capital will be shown as current liability.
The concept of confidentiality shall extend to_____?
Which section delas with the establishment of Depositor Education and Awareness Fund by the RBI under the Banking Regulation Act, 1949?
As per the Insurance Act, 1938 an insurance company shall not be wound up voluntarily except _________________
In the case of a private company, ________________, shall be the quorum for a meeting of the company
The authority of a partner to bind the firm conferred by Section 19 of the Act is called:
Under the Arbitration and Conciliation Act, 1996, what is the primary purpose of arbitration?
Which of the following words were added to the Preamble by 42nd Amendment Act, 1976?
The goods which form subject matter of sale
As per the Companies Act persons not eligible for appointment as an auditor of a company are ___________
Which of the following penalty can be imposed for contravention of the provisions of FEMA?
