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A Pvt Ltd company has general reserves in its balance sheet as at 31/03/2015. The general reserve was created in FY 2009-10.
How can it be utilised under CA 2013.
Regards
Dipjyoti
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Utilisation of general reserve
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IN COMPANIES ACT 2013 THERE IS NO RESTRICTION RELATED TO UTILISTION OF GENERAL RESERVE EXCEPTPROVISIONS RELATED TO THE PAYMENT OF DIVIDEND OUT OF RESERVES.........
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