Buy back of share

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Prashant Kumar verma (Querist)
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21 July 2015 Hello, for buy back I am using free reserves so what are the the amounts that will be included in free reserves.

Arjun Menon

Arjun Menon (Expert)
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21 July 2015 As per Section 68 of the Companies Act, 2013 read with rules.
Whilst calculating the amount of Free Reserves. Reserves which, as per latest audited balance sheet of the company are free for distribution as dividend and shall include balance to the credit of Security Premium A/c but shall not include Share Application Money and Revaluation Reserve A/c.

Adv. Arjun Menon