Whether revaluation reserve can be considered for caculating free reerve under section sec 77 of companies act 1956.
2 Replies
siddhesh
(si)
(198 Points)
Replied 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
siddhesh
(si)
(198 Points)
Replied 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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