Net owned Fund _NBFC, Banks
Astarag
--
with regards,
Cs. P.A. Patnaik
Mob 99480 57660
gaurav
Hello Patnaik ji,
Net owned Fund will consist of paid up equity capital, free reserves, balance in share premium account and capital reserves representing surplus arising out of sale proceeds of assets but not reserves created by revaluation of assets. From the aggregate of items will be deducted accumulated loss balance and book value of intangible assets, if any, to arrive at owned funds. Investments in shares of other NBFCs and in shares, debentures of subsidiaries and group companies in excess of ten percent of the owned fund mentioned above will be deducted to arrive at the Net Owned Fund. The NOF should be computed on the basis of last audited Balance Sheet and any capital raised after the Balance Sheet date should not be accounted for while computing NOF.
Calculation :
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Net Owned Fund |
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[Figures to
be furnished as per the latest balance sheet preceding the date of the Return
or as per balance sheet as on the date of return} |
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Item Name |
Item Code |
Amount |
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Capital Funds – Tier I |
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(i) Paid-up Equity Capital |
111 |
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(ii) Preference shares to be compulsorily convertible into equity |
112 |
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(iii) Free reserves |
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(a) General Reserves |
113 |
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(b) Share Premium |
114 |
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(c) Capital Reserves (representing surplus on sale of assets held in separate account) |
115 |
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(d) Debenture Redemption Reserve |
116 |
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(e) Capital Redemption Reserve |
117 |
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(f) Credit Balance in P & L Account |
118 |
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(g) Statutory Reserves as per RBI’s Prudential Norms |
119 |
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Total (111 to 119) |
110 |
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(iv) Accumulated balance of loss |
121 |
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(v) Deferred Revenue Expenditure |
122 |
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(vi) Other Intangible Assets |
123 |
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Total (121 to 123) |
120 |
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(vii) Owned Fund (110 - 120) |
130 |
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(viii) Investment in shares of : |
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(a) Subsidiaries |
141 |
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(b) Companies in the same Group |
142 |
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(c) Other non-banking financial companies |
143 |
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ix) The book value of debentures, bonds, outstanding loans and advances, bills purchased and discounted (including hire-purchase and lease finance) made to, and deposits with |
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(a) Subsidiaries |
144 |
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(b) Companies in the same Group |
145 |
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(x) Total (141 to 145) |
140 |
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(xi) Amount of Item 140 in excess of 10% of item 130 above |
150 |
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(xii) Tier I Capital |
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Net owned fund (130 -150) |
151 |
0.00 |
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Check master circular by RBI on this Issue for any further clarifications.
Please Confirm and correct me if I am wrong. . .
Thanks & Regards,
CS Gaurav Shenoy
Assistant Company Secretary
Bangalore
--
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