Poonawalla fincorp
Poonawalla fincorp

EFFECTIVE CAOITAL (sch.XIII) of co. Act

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(Querist)
11 January 2008 how to calculate the effective capital under sch.xiii of the co. act what times to be considered. Is the hire purchase loan on lorry & cars will also to be taken as long term loan item?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
27 February 2008 Explanation II clearly states the date as the last date of the financial year preceeding the financial year of appointment

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