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If a share holder pays some money say 40 rs and due to some reason if his share is forfeited under what accounting head this amount will bd in the company If a shareholder pays some money in advance will company provide any rebate Similarly if a shareholders pays the amount taking more time will company charge interest
Answers (3)
CA Suraj Lakhotia Admin
IT depends on the articles of the company. Generally interest is not paid on advances made by the shareholder.
Also reply on the question about forfeiture
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