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28 July 2009 what is the difference in capital reserve,generalreserve,reservecapital?
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aditi daga

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aditi daga (Expert)
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
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