Diference between Sec 372 A and 293
This query is : Resolved
25 January 2011
can any one tel me the diference between Diference between Sec 372 A and 293??????
25 January 2011
293(i)(d) deals with borrowing powers of the company beyond which the approval of the shareholders is required.
While 372A deals with making of intercorporate loans and investments by a company.
While 372A deals with making of intercorporate loans and investments by a company.
27 January 2011
Can u tell me about limit beyond which shareholder approval is required? or where i acn find it if not so prescribed????
27 January 2011
The limits are given in the respective sections.
293 (Borrowing Powers) limit - aggregate of the paid up capital of the company and its free reserves.
372A (Investments) limit - 60% of its paid up share capital and free reserves or one hundred percent of its free reserves, whichever is more.
293 (Borrowing Powers) limit - aggregate of the paid up capital of the company and its free reserves.
372A (Investments) limit - 60% of its paid up share capital and free reserves or one hundred percent of its free reserves, whichever is more.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Should I report my US salary for January, February, March in Schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
