9911796707
TMI BlogAmendment of Act 7 of 1964X X X X Extracts X X X X X X X X Extracts X X X X ..... ; (b) in the First Schedule, in rule 3, for the portion beginning with the words "by the aggregate of -" and ending with the brackets, figures and words "(ii) any expenditure", the words "by the amount of any expenditure" shall be substituted with effect from the 1st day of April, 1977; (c) in the Second Schedule, - (i) in rule 1 - (1) in clause (ii), for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... LITIES" in the "FORM OF BALANCE-SHEET", given in Part I of Schedule VI to the Companies Act, 1956 (1 of 1956), or where the Income-tax Officer is of opinion that the amount credited in such account falls short of the amount which should have reasonably been credited by it, the amount of its capital as computed under rule 1 shall be reduced by the amount which has not been so credite ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o in clause (iv), or borrowing of any moneys referred to in clause (v), of rule 1 or is reduced by any amount on account of reduction of paid-up share capital or redemption of such debentures or repayment of any such moneys,", the words "or is reduced by any amount on account of reduction of paid-up share capital," shall be substituted with effect from the 1st day of April, 1977. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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