Free reserves for the purpose of sec. 293(1)(d)
This query is : Resolved
09 September 2013
For the purpose of calculating limit under section 293(1)(d), should the balance under profit and loss account be taken along with general reserve in finding the free reserves of the company?
09 September 2013
Refer below link:
https://www.knowledgebible.com/forum/showthread.php/579-Whether-debit-balance-of-the-profit-and-loss-account-should-be-included-in-free-reserves-for-the-purposes-of-section-293(1)(d)-of-the-Companies-Act
https://www.knowledgebible.com/forum/showthread.php/579-Whether-debit-balance-of-the-profit-and-loss-account-should-be-included-in-free-reserves-for-the-purposes-of-section-293(1)(d)-of-the-Companies-Act
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