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<h1>Capital Redemption Reserve Classified as 'Free Reserve' u/r 2(d) of Companies (Acceptance of Deposits) Rules, 1975.</h1> The circular addresses the scope and provisions of the Companies (Acceptance of Deposits) Rules, 1975, specifically focusing on Rule 2(d). It clarifies that the Capital Redemption Reserve should be considered a 'free reserve' under this rule. This classification affects how companies manage their financial reserves concerning public deposits. The circular aims to provide guidance on the treatment of the Capital Redemption Reserve in the context of these rules.