paper book/page 6) . The learned counsel submitted that net
owned funds of the assessee company of Rs. 58.36 crores ... company has utilized net owned funds for the purposes of making
investments in shares and mutual fund , as the net owned funds
investments' and this was to cover and govern NBFC with net owned funds of Rs. 50 lakhs and above and registered with ... present limits fixed for raising of deposits linked to net owned funds in the Non-Banking Financial Companies (Reserve Bank) Directions, 1977 would continue
The Acit (Central), Ujjain vs M/S. Famous Vanijya (P) Ltd. , Ujjain on 11 January
held
that the lender companies were having sufficient net owned funds for
making advances to the appellant or anyone also. The Ld. CIT(A)
further ... respectively. Further, DFL as on 31.03.2015 has net owned fund of
Rs. 14.34 crores by way of share capital and reserves & surplus.
Likewise
BMCPL for the year ended 31/03/2016, showing the sufficient
net owned funds of BMCPL at Rs.4,73,16,557/-, in my view ... JJIPL was having huge net owned funds to the
extent of Rs. 89.97 Crores by way of share capital and reserves & surplus.
Page
mixed
funds available with the appellant and the appellant's net owned
funds at the time of giving these loans were in excess ... case when loan
is given out of mixed funds and the net owned funds of the
assessee are more than the borrowed funds
mixed
funds available with the appellant and the appellant's net owned
funds at the time of giving these loans were in excess ... case when loan
is given out of mixed funds and the net owned funds of the
assessee are more than the borrowed funds
mixed
funds available with the appellant and the appellant's net owned
funds at the time of giving these loans were in excess ... case when loan
is given out of mixed funds and the net owned funds of the
assessee are more than the borrowed funds
Advance are sourcedfrom
Net Owned Funds.
Hence, when the entire Investment/Loans and Advances amount are sourced from
own funds/net worth, interest expenses cannot ... Owned Funds and Borrowed Funds both are in
existence, then it is to be presumed that the Investment/Loans and Advance are
given from Net
certificate of registration issued under this Chapter; and
(b) having the net owned fund of twenty five lakh rupees or such other amount, not exceeding ... effect from 9-1-1997 deals with requirement of registration and net owned fund. Sub-clause (1) of this section states that no non-banking
