SEC 115 J B

Mahabaleshwara Rao (director) (197 Points)

15 May 2011  

Partnership firm is converted into company with a carried forward loss of Rs. 10 lacs.  During the previous year 2010-11  the company has earned a profit of Rs. 4 lacs after debited directors reumnetation of Rs. 18 lacs.  Whether sec. 115 JB is applicable to our company.

 

Please urgent.

thank you