Regarding free reserves

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Chartered Accountant
580 Points Posted on 01 March 2013

Whether revaluation reserve can be considered for caculating free reerve under section sec 77 of companies act 1956.

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On 01 March 2013 at 09:18 Report
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si
198 Points Posted on 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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On 01 March 2013 at 12:48
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si
198 Points Posted on 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

 

1 Reply
On 01 March 2013 at 12:51

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