Companies Act, 1956
Section - 355 - Saving
Saving355. Sections [ and ] shall not apply to a private company unless it is a subsidiary of a public company.66. Substituted for "348 to 354" by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000.
Determination of net profits.349. (1) In computing [***] the net profits of a company in any financial year— (a) credit shall be given for the sums specified in sub-section (2), and credit shall not be given for those specified in sub-section (3) ; and (b) the sums specified in sub-section (4) shall be deducted, and those specified in sub-section (5) shall not .... To read the full section download the app from Google Play store
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