Whether revaluation reserve can be considered for caculating free reerve under section sec 77 of companies act 1956.
Rahul Walame (Chartered Accountant) (580 Points)
01 March 2013Whether revaluation reserve can be considered for caculating free reerve under section sec 77 of companies act 1956.
siddhesh
(si)
(198 Points)
Replied 01 March 2013
hi rahul
revaluation reserve is not called a free reserve but when revaluation reserve are in the cash then we are considered in calculation of bye-back
siddhesh
(si)
(198 Points)
Replied 01 March 2013
hi rahul
revaluation reserve is not called a free reserve but when revaluation reserve are in the cash then we are considered in calculation of bye-back
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