Capitalisation

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Full Text of the Document

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....rve do not cease to be profits unless and until they are effectually capitalised". Says the learned author at page 912 after referring to article 128 corresponding to regulation 96 of Table "A" of the Indian Companies Act : "A company may, if its constitution so allows, capitalize profits, instead of dividing them, by applying them in paying up unissued shares, or debentures or other s....