free reserves means such reserves which, as per the latest audited balance sheet of a company, are available for distribution as dividend:
free reserves means the aggregate of the balance in the share premium account, capital and debenture redemption reserves and any other reserve shown or published in the balance sheet of a company and created through an allocation of profits not being a reserve created for repayment of any future liability or for depreciation in assets or for bad debts or a reserve created by revaluation of the assets of the company;
Examples of free reserves in a sentence
Verifying that the requirements set out in articles 32º and 33º of the Commercial Companies Code have been met, that corporate assets be distributed to shareholders, in particular part of the amount recorded in the "Free reserves" account, in the total amount of 39,175,288 euros and 82 cents, thus the amount of 12.77 euro cents per share, tax-captive.
More Definitions of free reserves
free reserves means free reserves as defined in definition No. 43 in Companies Act, 2013.
free reserves means such reserves which, as per the latest audited balance sheet of a company, are available for distribution as Dividend. However, the following amount shall not be treated as free reserves:
free reserves means in the case of each Company the amount of any open reserves increased or reduced by the balance of profit and loss account existing at the beginning of any financial period.
free reserves means such reserves which, as per the latest audited balance sheet of
free reserves means those reserves which, as per the latest audited balance sheet of the company, are free for distribution as dividend and shall include balance to the credit of the securities premium account but shall not include share application money.
free reserves means all reserves created out of the profits and share premium account but does not include reserve created out of revaluation of assets, write back of depreciation provisions and amalgamation;
free reserves means all reserves credited out of the profit & loss account but does not include reserves credited out of re- evaluation of assets and write back of depreciation provisions.