The British Colonial Government first introduced separate electorates in India in 1909 under the Morley-Minto Reforms (Indian Councils Act, 1909).
Key Details:
Purpose:
How It Worked:
Impact:
Earlier Experiments:
List-I (Name of account to be debited or credited, when shares are forfeited) | List-II (Amount to be debited or credited) |
---|---|
(A) Share Capital Account | (I) Debited with amount not received |
(B) Share Forfeited Account | (II) Credited with amount not received |
(C) Calls-in-arrears Account | (III) Credited with amount received towards share capital |
(D) Securities Premium Account | (IV) Debited with amount called up |