A company is having a profit and loss account on its asset side,whether it can raise capital again by share holder contribution or is there is any provision emitting the same ?
Prathyush.P.G. (Derivative analyst and CA Coaching ) (179 Points)
24 September 2011A company is having a profit and loss account on its asset side,whether it can raise capital again by share holder contribution or is there is any provision emitting the same ?
CA Shriniwas Khadloya
(Practicing CA)
(41 Points)
Replied 24 September 2011
Under Company Act, share holder can contribute to share capital of the comapy even though there is any unabsorbed loss was remain in the balance sheet
CA Shriniwas Khadloya
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