TMI BlogRestrictions on borrowing.X X X X Extracts X X X X X X X X Extracts X X X X ..... he bye‑laws: Provided that the total amount of deposits and loans received during any financial year shall not exceed ten times of the sum of subscribed share capital and accumulated reserves: Provided further that while calculating the total sum of subscribed share capital and accumulated reserves, the accumulated losses shall be deducted. (2) Subject to the provisions of sub ..... X X X X Extracts X X X X X X X X Extracts X X X X
|