Is the debit balance in the profit and loss account for losses incurred by the Eligible Borrower, if any, required to be deducted from the free reserve while calculating the ECB liability-equity ratio?

Is the debit balance in the profit and loss account for losses incurred by the Eligible Borrower, if any, required to be deducted from the free reserve while calculating the ECB liability-equity ratio? https://www.taxtmi.com/manuals?id=5840 Any debit balance in the profit and loss account as per the latest audited balance sheet of the Eligible Borrower must be deducted from equity (free reserves and other equity components) when computing the ECB liability equity ratio under FEMA guidance. en-us Thu, 21 Nov 2024 14:17:00 +0530 Thu, 21 Nov 2024 14:17:00 +0530 TaxTMI RSS Generator Is the debit balance in the profit and loss account for losses incurred by the Eligible Borrower, if any, required to be deducted from the free reserve while calculating the ECB liability-equity ratio? https://www.taxtmi.com/manuals?id=5840 Any debit balance in the profit and loss account as per the latest audited balance sheet of the Eligible Borrower must be deducted from equity (free reserves and other equity components) when computing the ECB liability equity ratio under FEMA guidance. Manuals FEMA Thu, 21 Nov 2024 14:17:00 +0530 https://www.taxtmi.com/manuals?id=5840