General Reserves definition

General Reserves and “Retained Earnings” have the meanings ascribed to them in the Applicable Accounts;
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General Reserves means and includes the general reserves of the Transferee Company which have been built primarily through transfer of retained undistributed profits over the years, pursuant to the provisions of the Act read with Companies (Declaration and Payment of Dividend) Rules, 2014 and erstwhile notified rules under the provisions of Companies Act 1956, namely, the Companies (Transfer of Profits to Reserves) Rules, 1975 and which forms a part of the revenue reserves of the Transferee Company, as reflected in the books of accounts of the Transferee Company;
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General Reserves refers to the amount recorded by the Bank as non-interest expense arising from the establishment of a reserve or an allowance against loan losses generally and not allocable to one or more specific assets, as set forth in its TFR for the applicable period.
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Examples of General Reserves in a sentence

  • In case of there being a deficit, the same shall be adjusted by the Transferee Company to its General Reserves and the balance if any, shall be adjusted against the Profit and loss account.

  • The difference, if any, between the amount recorded as fresh share capital issued by the Transferee Company on amalgamation and the amount of share capital of the Transferor Company shall be reflected as General Reserves.

  • General Reserves shall be placed on a one (1) day, two (2) day, three (3) day, or four (4) or more day availability list in accordance with the number of days available for reserve assignment remaining before their next scheduled unavailable days.

  • Unless an active obsolete inventory clean up process was performed by the Group Member during the calendar year 2006, the sum of the Specific and General Reserves as a percentage of total inventory shall be consistent with prior years.

  • To approve the virement of £125 from General Reserves to a ‘Legal and Professional fees’ budget to pay for the part-year SLA running from December 2024 to March 2025.

  • That funding for the related professional services will be appropriated from the City’s General Reserves Account No. ▇▇▇-▇▇▇-▇▇-▇▇ to the General Fund City Manager Professional Services Account No. 001-12- ▇▇-▇▇▇-▇▇-▇▇ in the amount of Seventy Five Thousand Dollars ($75,000.00) and all services will be procured in accordance with the City’s Procurement Policy.


More Definitions of General Reserves

General Reserves means SO’s non-material specific reserves for the MHSW Program.
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General Reserves means and includes the amounts as reflected in the financial statements of the Company, as ‘general reserves’ under ‘other reserves’, which have been built primarily through transfer of retained undistributed profits, pursuant to the provisions of the Companies Act, 1956 and the erstwhile rules notified thereunder, namely, the Companies (Transfer of Profits to Reserves) Rules, 1975;
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General Reserves has the meaning ascribed to it in the Accounting Information. “Group” means the Shareholder Guarantor and its subsidiaries.
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General Reserves means all reserves for payment of policy benefits, losses, claims, expenses and similar purposes determined in accordance with SAP. Guaranty Association
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Related to General Reserves

  • Mineral Reserve means the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.

  • Total Reserves means, at any time of determination, an amount equal to the product of (i) the sum of: (a) the Yield Reserve Percentage, plus (b) the greater of (I) the sum of the Concentration Reserve Percentage, plus the Minimum Dilution Reserve Percentage and (II) the sum of the Loss Reserve Percentage, plus the Dilution Reserve Percentage, times (ii) the Net Receivables Pool Balance at such time.

  • Capital Reserves means, for any period and with respect to a Property, an amount equal to (a) $0.05 per square foot times (b) a fraction, the numerator of which is the number of days in such period and the denominator of which is 365. If the term Capital Reserves is used without reference to any specific Property, then the amount shall be determined on an aggregate basis with respect to all Properties of the Trust and its Subsidiaries and a proportionate share of all Properties of all Unconsolidated Affiliates.

  • Proven Mineral Reserve means the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.

  • Capital Reserve means for any period and with respect to a Property (other than any Projects Under Development), an amount equal to the product of (i) the gross leaseable area contained in such Property (in square feet), multiplied by (ii) $0.30 per annum.