preliminary expenses

preliminary expenses

the initial costs incurred in forming a JOINT-STOCK COMPANY, such as preparing a PROSPECTUS and issuing SHARES, prior to the company commencing trading.
References in classic literature ?
But how is he to pay the preliminary expenses? Destiny, like a mocking echo, answers, How?
P and ID never began the construction of the project facility although it alleges it incurred about $40 Million in preliminary expenses.
"We were charging a premium from the successful bidder to meet our preliminary expenses. But the shortlisted bidders said that the project is of strategic importance and is not commercially viable ," said an Indian official.
Banks were barred from paying dividends until all of their preliminary expenses, organisational expenses, share selling commission, brokerage, amount of losses incurred and other capitalised expenses not represented by tangible assets had been completely written off.
The official added that the company would prepare documents for appointing managing director and secretary of company and approval of preliminary expenses.
The provision for preliminary expenses is assumed to be Rs50,000, which will be amortized equally over a 5 year period.
Amended format contains more detailed and simplified information on authorized and paid-up capital of the company, particulars of directors, chief executive, secretary etc, remuneration payable to these persons, number and amount of shares and debentures issued or agreed to be issued, amount of discount, if any, allowed on issue of any shares, details of every agreement entered, preliminary expenses, rate of dividends in previous years etc.
For the first three years of construction which will include the creation of basic parts of the park such as roads, pavements and a main building, the costs are predicted to reach e1/46.5 million, while the various preliminary expenses will reach e1/44.6 million.
The preliminary expenses associated with the first store are not deductible, because retail book sales is a different business from publishing books and selling them wholesale.
While calculating the Break-up Value in the present table intangibles like deferred expenditure, preliminary expenses, accumulated losses, goodwill etc.
The amended format contains more detailed and simplified information on authorised capital of the company, business to be undertaken by the company and its future prospects, particulars of directors, chief executive, secretary etc, remuneration payable to these persons, number and amount of shares and debentures agreed to be issued, details of every agreement entered into since incorporation and material contracts, minimum subscription and its proposed utilization, preliminary expenses, etc.
PRELIMINARY EXPENSES: The Preliminary expenses as on December 31, 1992 were Rs.
Full browser ?