Related Commentary  

57(1)  For the purposes of section 56 the company's contribution to the firm is the sum of amounts A and B.

57(2)  Amount A is the amount which the company has contributed to the firm as capital less so much of that amount (if any) as is within subsection (4).

57(3)  In particular, the company's share of any profits of the firm is to be included in the amount which the company has contributed to the firm as capital so far as that share has been added to the firm's capital.

57(4)  An amount of capital is within this subsection if it is an amount which the company–

(a)has previously drawn out or received back,

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