sec.17IWorking out current ratio for trustees, partnerships or group companies

### sec.17I Working out current ratio for trustees, partnerships or group companies For working out the current ratio of a licensee, in addition to the current assets and current liabilities of the licensee, the following must be included— if the licensee is a trustee of a trust—the current assets and current liabilities of the trust; if the licensee carries on business in partnership—the current assets and current liabilities of the partnership; if the licensee is a group company—the current assets and current liabilities of the corporate group for the group company. Section 17H applies for working out the current assets and current liabilities of a trust, partnership or group company under this section, as if a reference in that section to the licensee were a reference to the trust, partnership or group company. s 17I ins 2019 SL No. 30 s 24 (sec.17I-ssec.1) For working out the current ratio of a licensee, in addition to the current assets and current liabilities of the licensee, the following must be included— if the licensee is a trustee of a trust—the current assets and current liabilities of the trust; if the licensee carries on business in partnership—the current assets and current liabilities of the partnership; if the licensee is a group company—the current assets and current liabilities of the corporate group for the group company. (sec.17I-ssec.2) Section 17H applies for working out the current assets and current liabilities of a trust, partnership or group company under this section, as if a reference in that section to the licensee were a reference to the trust, partnership or group company. - (a) if the licensee is a trustee of a trust—the current assets and current liabilities of the trust; - (b) if the licensee carries on business in partnership—the current assets and current liabilities of the partnership; - (c) if the licensee is a group company—the current assets and current liabilities of the corporate group for the group company.