do we need to disclose the date of allotment in notes to accounts.?

Question

during the year shares are issued to director. share applictn money has been received. shares have been alloted .as an auditor wat am i supposed to disclose?

Answer 1

Be guided by your Companies Act and the a/cg stds your country subscribes to. Directors' shareholdings are usually disclosed in the Directors' Report. Movements in the share capital a/c reconciling the beginning to the ending balance must be disclosed in a note to the accounts. Only the no. of shares and dollar value at the beginning, issued during the year and ending bal. need be disclosed. You don't need to go into details of each allotment (like date of allotment). What if there were 100 allotments?