Deduction of unprovided depreciation required when computing deposit acceptance limits for non-bank companies under Companies rules. The amount of unprovided depreciation is to be treated as part of accumulated loss and therefore must be deducted from the aggregate of paid up share ... Summary
Deduction of unprovided depreciation required when computing deposit acceptance limits for non-bank companies under Companies rules.
The amount of unprovided depreciation is to be treated as part of accumulated loss and therefore must be deducted from the aggregate of paid up share capital and free reserves, as shown in the latest audited balance sheet, when computing the limits up to which a non banking non financial company may accept deposits.
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