In Affidavit given under EES 2010, there is para no. 6
6. I affirm that the Company (mention name of
the company) have assets and liabilities amounting to Rs.
(as per annexed Statement of Accounts).
my query is that if a co. has P and L Dr. Balance 1,00,000 and Paid up capital is also 50,000 AND UNSECURED LOAN Rs.50,000. Should that company write this para in this way:-
6. I affirm that the Company ABS PVT. LTD. have assets and liabilities amounting to Rs. 1,00,000
(as per annexed Statement of Accounts).
CAclubindia
