Advisory Center for Affordable Settlements & Housing

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SECP’s Prudential Regulations for Non-Banking Finance Companies (NBFCS)

A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the enterprise. Equity of the borrower includes paid-up capital, general reserves, balance in share premium account, reserve for the issue of bonus shares and retained earnings / accumulated losses, revaluation reserves on account of fixed assets, and subordinated loans.

 

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