Write off of P&L Debit Balance

Subrahmanyam (Querist) 24 August 2008 This query is : Resolved
Can anyone kindly tell me if i can write off P&L Debit balance in a company's balance sheet from share premium account. is it permissible under any Act.

Follow Query

Report Abuse

ARVIND JAIN (Expert) 19 September 2008
NO NOT AT ALL.

Adv.Shine Thomas (Expert) 16 October 2008
It is not possible.

Subrahmanyam (Querist) 16 October 2008
But i believe that this has happened. kindly refer to some of such transaction of restructuring that were reported at BSE.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries

Please help ! severe complications after surgery
Please help ! severe complications after surgery
A tenant has taken loans from onlineapps & not paying them
Transfer fees on sale of apartment
Joint care 11 [by nourish nutritionals]
Please help ! severe complications after surgery
Sanction under 197 crpc
Following me so they will complain to police
Refusal of execution of court order by adj
Forged document on fake stamp and forged signatures

Is advocate guilty?
Advocate�s duty to justice apply to the pre-litigation ?
Ucc laws on inheritance
Family settlement
Complaint against medical facility
Legal opinion on baseless legal notice and law
Legal notice or ........
Dismissals due to defective legal notices
Legal notice content
Validity of legal notice.....