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Reserves & surplus

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(Querist)
14 June 2013 Is development rebate reserve in balance sheet of NBFC a Free Reserve ??? Would it be considered as a part of Owned Funds ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 June 2013 Development rebate reserve is the free reserve as per Companies act Sec.58A

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