application money

application money

the amount payable per share on application for a new SHARE ISSUE.

application money

the amount payable per share on application for a new SHARE ISSUE.
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The Eligibility bid must contain application money Demand Draft / Bankers
Pending allotment, the same was kept in Share Application Money Account as on September 30,2018
During the search, the CBDT, in a statement issued on Monday, said that a maze of shell companies used as mere conduits for providing entries to the group were detected, and accommodation entries in the garb of bogus unsecured loans/share application money to the tune of Rs 370 crore were found.
The amount has been kept as share application money and will be issued after necessary approval/permissions, the bank said.
"The bank has on December 29 received infusion of Rs 2257 crore from the Government of India, in form of Common Equity Tier-1 Capital, which is being kept as Share Application money and would be alloted after due procedure/conditions for allotment," Bank of India said in a BSE filing today.
The company, which raised OMR155.34 million as application money from 34,851 investors, has allotted a minimum of 200 shares and thereafter at the rate of three per cent for additional shares applied in the case of retail applicants.
According to the CBI, an amount of ` 200 crore was paid by promoters of Swan Telecom, using their group entity Dynamix Realty, to KTV through Kusegaon Fruits and Vegetables Pvt Ltd and Cineyug Films as loan application money.
Also, promoters infused Rs.17.0 million in 2010-11 (till date) and Rs.3.0 million in 2009-10 as share application money. Healthy cash accruals and equity infusion have led to the company's gearing improving to 1.41 times as on March 31, 2010 from 2.53 times as on March 31, 2009.
Hydro Power Lanka IPO's excess application money has already been returned and Laugfs excess application money will reach the secondary market soon.
They were also told their pounds 300 application money would not be refunded.
In contrast, Reliance Power's $3bn issue was lapped up by investors in one minute in the middle of January, and the company said yesterday it had begun refunding one trillion rupees ($25.4bn) in excess application money.
Capital & Reserves: Paid-up Capital 16.16 16.16 Share application money 0.82 Unappropriated Profit 14.86 7.55 Long Term Liabilities 19.77 19.05 Current Liabilities 143.64 111.78 195.25 154.54
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