Sec.372A
This query is : Resolved
29 March 2010
Dear Sir/Madam,
As per Sec.372A(1) :
1.(Is it 60% of PU Capital + 60% Free Reserves) or 100% Free Reserves OR
2. (Is it 60% of PU Capital + 100% of Free Reserves) or 100% Free Reserves.
Please confirm whether 1 is correct.
Regards,
Vignesh J
As per Sec.372A(1) :
1.(Is it 60% of PU Capital + 60% Free Reserves) or 100% Free Reserves OR
2. (Is it 60% of PU Capital + 100% of Free Reserves) or 100% Free Reserves.
Please confirm whether 1 is correct.
Regards,
Vignesh J
CA Ravi Sisodia
(Expert)
29 March 2010
60% of PU Capital + 60% Free Reserves) or 100% Free Reserves , whichever is higher.
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