A company is having a profit and loss account on its asset side,whether it can raise capital again by share holder contribution or is there is any provision emitting the same ?
A company is having a profit and loss account on its asset side,whether it can raise capital again by share holder contribution or is there is any provision emitting the same ?
Under Company Act, share holder can contribute to share capital of the comapy even though there is any unabsorbed loss was remain in the balance sheet
CA Shriniwas Khadloya
yes it can raise
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
