WebOn 1 February 2016, the company invited applications for 50 000 ordinary shares of $ 1 each at an issue price of $ 1.20. The following terms applied: Payable on application $ 0.50 Payable on allotment $ 0.70 Applications were received for 65 000 shares. WebWhere permission has been granted by the recognised stock exchange (s) and the moneys received from applicants for shares are in excess of the aggregate of the application money relating to the shares in respect of which allotments have been made, the company shall repay the moneys to the extent of such excess forthwith without interest.
What Is Share Application Money in a Balance Sheet?
WebApr 4, 2024 · Share Application Money Pending Allotment means the amount received on the application on which allotment is not yet made (pending allotment). The process starts when any company publicly issues its equity shares to raise funds. WebNov 23, 2024 · Section 42 (5) mandates acceptance of share application money in the form of a cheque, draft or any other banking channel. Section 42 (6) mandates allotment … topo of colorado
Sharing Excess Food Rescue
Web275 Likes, 55 Comments - Dr. Sehitha (@skin.squish) on Instagram: "Clay masks & Face masks are the most favourites for acne prone skin type!癩 How often do you us..." WebSharing Excess, the fledgling food rescue nonprofit founded by Ehlers and staffed by college students, sprung into action. In 48 hours, Ehlers and his team rescued more than 10,000 pounds of food — enough to feed … WebOnce the application money is received, directors can immediately proceed for allotment of shares. True False VIEW SOLUTION Exercise 8.1 (Objective Questions) Q 1. (C) 3. Page 339 State true or false with reason. Joint-stock company form of the business organisation came into existence after industrial revolution. True False VIEW SOLUTION topo one