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Sec.372A

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(Querist)
29 March 2010 Dear Sir/Madam,

As per Sec.372A(1) :

1.(Is it 60% of PU Capital + 60% Free Reserves) or 100% Free Reserves OR

2. (Is it 60% of PU Capital + 100% of Free Reserves) or 100% Free Reserves.

Please confirm whether 1 is correct.

Regards,
Vignesh J
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
29 March 2010 60% of PU Capital + 60% Free Reserves) or 100% Free Reserves , whichever is higher.

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