Caro
This query is : Resolved
Guest
Guest
(Querist)
03 January 2013
Hi,
Someone may please reply to the following query(s):
ABC Private Limited had:
- paid up capital Rs.1 Lac and
- Reserves and Surplus (negative balance) Rs.2 Crores as on 31.03.12.
- turnover Rs.1.95 Crores.
- no secured loans from banks or any parties.
Query
Whether CARO shall apply to the said company, which has NEGATIVE BALANCE of Rs.2 Crores of Reserves and surplus ?
Ans : .......................
Thanks.
Someone may please reply to the following query(s):
ABC Private Limited had:
- paid up capital Rs.1 Lac and
- Reserves and Surplus (negative balance) Rs.2 Crores as on 31.03.12.
- turnover Rs.1.95 Crores.
- no secured loans from banks or any parties.
Query
Whether CARO shall apply to the said company, which has NEGATIVE BALANCE of Rs.2 Crores of Reserves and surplus ?
Ans : .......................
Thanks.
CA Lokesh Pokharna
(Expert)
03 January 2013
Not applicable.........because there word used paid up capital & reserves do not exceeds 50 lacs, which is positive balance....
and tell me how can be r & s balance be 200 lac nagative while paid up cap only 1 lac.
and tell me how can be r & s balance be 200 lac nagative while paid up cap only 1 lac.
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