view of substantial
increase in the equity share capital, the change in
the capital structure underwent change. The details of
the share capital were ... capital of both the companies had
undergone a substantial change during the current
financial year. The Chartered Accountant examined
impact of the changed capital structure
This was done without calling for any capital from the shareholders. After this variation in the capital structure was brought about, a fresh agreement ... extraordinary general meeting held on September 10, 1948, raised its capital structure by transferring a large amount from its reserves to the capital fund
company is the ultimate parent company. Upon scheme being
effective, the Capital structure of the transferee company shall not
undergo any change.
Learned
advocate ... shares shall be issued by the Transferee Company. Considering
the Capital Structure of the Transferee Company, it is not likely to
undergo any change
Companies(Court) Rules,
1959, for the reason that capital structure of the
petitioner company as well other company underwent a
substantial change ... capital of both the companies had undergone a
substantial change during the current financial year.
The Chartered Accountant examined impact of the
changed capital structure
matter, a film is not a capital asset but it resembles more a trading stock than a capital structure; and the department also ... gets income from the land or the structures put up on the land, the land is his capital asset. Therefore, one of the indications
Ionic Metalliks & 3 vs Union Of India & 3 on 9 September, 2014
Author
undivided profits" and that was an integral part of the capital Structure. Under these circumstances it would be erroneous not to treat the amount
would not be in the nature of capital and we shall have to ignore that concept of capital which the Legislature has been careful ... merely the loan capital which is to be considered for the purposes of computing capital structure; it is that loan capital which is the property
Revenue that the expenditure was intimately connected with the capital structure of the company and, such, it was expenditure of a capital nature ... assessee-company incurred we for its permanent structure and were directly connected with the acquisition of capital and advantage of enduring nature. This expenditure cannot
requisite details are not before the court. Details regarding the capital structure of the company is also not given. It is the duty
