company law
This query is : Resolved
28 July 2009
what is the difference in capital reserve,generalreserve,reservecapital?
29 July 2009
Reserve capital is the uncalled portion of authorized share capital which can be called up only in the event of winding up of the company.
Capital reserve is created out of capital profit i.e upward revaluation of asset, forfeiture of shares, sale of assets at a profit
General reserve is a portion of revenue profit set aside to meet contingencies or for expansion, mordenization. It is a free reserve
Capital reserve is created out of capital profit i.e upward revaluation of asset, forfeiture of shares, sale of assets at a profit
General reserve is a portion of revenue profit set aside to meet contingencies or for expansion, mordenization. It is a free reserve
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