For the purposes of section 35D capital employed by a new company would mean
A. Issued share capital
B. Issued share capital, debentures, long term borrowing and amount outstanding in share premium account.
C. Share capital & long term loan
D. Share capital & debentures
Answer:B
For the purposes of section 35D capital employed by a new company would mean
A. Issued share capital B. Issued share capital, debentures, long term borrowing and amount outstanding in share premium account. C. Share capital & long term loan D. Share capital & debentures