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Question ID : 1055

Allotement of Shares


Subry Company alloted Equity shares to Holdg Company agast the unsecured loan made by Holdg Company to its Subry

Now my Ques. is whether such allotemnt can be stated Bance sheet as Shares issued for cash as the loans were received cheque by subsidiery company? '

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Posted by KALYAN KUMAR SARKAR on Dec 16, 2005
Filed Under CORPORATE & OTHER LAWS

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