https://www.taxtmi.com/circulars?id=10983 The amount shown as "surplus" in the profit and loss account under the heading "Reserve and Surplus" may be treated as part of free reserve under the Companies (Acceptance of Deposits) Rules, 1975 provided it arises by appropriation out of the profits of the company; amounts not so appropriated do not qualify. en-us Wed, 03 Feb 1982 00:00:00 +0530 Mon, 20 Jun 2011 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10983 The amount shown as "surplus" in the profit and loss account under the heading "Reserve and Surplus" may be treated as part of free reserve under the Companies (Acceptance of Deposits) Rules, 1975 provided it arises by appropriation out of the profits of the company; amounts not so appropriated do not qualify. Circulars Companies Law Wed, 03 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10983