18 July 2011
A Public Ltd. Company is a Partner in a Partnership Firm and invested its share of Capital.Can it give a further amount to the Partnership Firm as an Advance against Capital?Are there any implication of Section 295 of the Companies Act,1956 in this context?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 July 2011
Does investment by a Partner(A Public Ltd. Company) in the Capital of a Partnership come under the purview of Section 295?What about Share Application Money or advance against subscription to Capital?