Previous audited statements are not available as Company got registered on 01/4/2019 and current year statements are also not ready. how to fill net worth details.
For the newly incorporated company Net worth is to be considered as per current balance sheet whether Audited or Not. Further, Net worth has to be calculated as provided under Companies (Acceptance of Deposits) Rules, 2014 and not as per Companies Act definition.
There is Share application money Pending Allotment (Foreign Remittance) of Rs.20 crores in Balance Sheet since 2016. Whether the same is to be reported in both returns? Also now this is automatically converted into deposits. What should be the treatment of the same in Balance Sheet ending 31st March' 2019?
As per Point No. 8 of DPT-3 Form "Net Worth as per the latest audited balance sheet preceding the date of the return" has to be mentioned. As the date of return is 31.03.2019, the preceding audited balance sheet will be as on 31.03.2018. So net worth figure has to be provided from 31.03.2018 balance sheet.
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Previous audited statements are not available as Company got registered on 01/4/2019 and current year statements are also not ready. how to fill net worth details.
ReplyDeleteFor the newly incorporated company Net worth is to be considered as per current balance sheet whether Audited or Not. Further, Net worth has to be calculated as provided under Companies (Acceptance of Deposits) Rules, 2014 and not as per Companies Act definition.
ReplyDeleteWhat is the mode of calculation of net worth as per Companies (Acceptance of Deposits) Rules, 2014?
DeleteThere is Share application money Pending Allotment (Foreign Remittance) of Rs.20 crores in Balance Sheet since 2016. Whether the same is to be reported in both returns? Also now this is automatically converted into deposits. What should be the treatment of the same in Balance Sheet ending 31st March' 2019?
ReplyDeleteAs per Point No. 8 of DPT-3 Form "Net Worth as per the latest audited balance sheet preceding the date of the return" has to be mentioned. As the date of return is 31.03.2019, the preceding audited balance sheet will be as on 31.03.2018. So net worth figure has to be provided from 31.03.2018 balance sheet.
ReplyDeleteHey, This article is very informative. KnS Partners is the best ip Law firms in Delhi. It contains the most talented and experienced lawyers. We have various department like civil law, property law, criminal law, family law, business law, protection law. Thank you for sharing.
ReplyDelete