Free reserves for the purpose of sec. 293(1)(d)

This query is : Resolved 

09 September 2013 For the purpose of calculating limit under section 293(1)(d), should the balance under profit and loss account be taken along with general reserve in finding the free reserves of the company?

09 September 2013 Refer below link:

http://www.knowledgebible.com/forum/showthread.php/579-Whether-debit-balance-of-the-profit-and-loss-account-should-be-included-in-free-reserves-for-the-purposes-of-section-293(1)(d)-of-the-Companies-Act



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries