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effective capital (sch.xiii)
what is effecive capital under sec.II of partII of schedule XIII of the companies act & how it is to be calculated?
Replies (1)
effective capital means aggregate of paid-up share capital (excluding share application money), share premium account, reserves & Surpluses (excluding revaluation reserve), long-term loan and deposits repayable after one year minus investments, accumulated losses & preliminary exp. not written off.
regards,
Poonam
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