Net owned funds
NANDHUhu D (69 Points)
22 November 2018
In calculation of net owned (1:20)for nidhi company ,why we are excluding intangible assets.
1 Replies
Hitesh
(Student)
(3549 Points)
Replied 22 November 2018
Generally meaning of Net owned fund varies according to the act, regulation since these law itself provides the specific meaning of Net owned fund. All the readily available funds to provide for losses, are the owned funds of the company. Hence going by this general meaning intangibles are excluded
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