Webb22 mars 2024 · Provisions relating to deposits along with the Companies (Acceptance of deposit) Rules,2014 are given below : As per section 2(31),’ Deposits’ includes any receipt of money by way of deposits or loan or in any other form by a company but does not include such categories of amount as may be prescribed in consultation with the RBI. … Webb1 feb. 2024 · The allotment of security shall be made with in 60 days of receiving share application money.if not then refund the share application money within 15 days of …
Tax Alert Delivering Clarity - Deloitte
WebbMinistry of Corporate Affairs. G.S.R. 256(E). - In exercise of the powers conferred by clause (31) of section 2, section 73 and section 76 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), and in supersession of the Companies (Acceptance of Deposits) Rules, 1975 or any other rules prescribed under the Companies … WebbAns:-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, … songs about initiating a relationship
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WebbIn 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. WebbShare application money constitutes capital asset The Mumbai Bench of Income-tax Appellate Tribunal gave its decision that share application money constitutes capital … Webb11 okt. 2011 · · The ICAI Compendium of Opinions, [Vol. XV, (1996 Edn.) pp. 34 to 36], opines that the "share application money pending allotment" should be shown in the balance-sheet under a separate heading between … songs about indigenous rights