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What is the meaning of 'Free Reserve' under Company Act 2013?

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posted Apr 27, 2016 by Ritika Sharma

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Free reserves are those reserves upon which the company can freely draw. There is no specific purpose for these reserves. Free reserves can be used by the company to declare dividends, to issue bonus shares, to write off accumulated losses and to write off share issue expenses.

answer 2 days ago by Rani Das
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