(43)“free reserves” means such reserves which, as per the latest audited balance sheet of a company, are available for distribution as dividend:Provided that—(i)any amount representing unrealised gains, notional gains or revaluation of assets, whether shown as a reserve or otherwise, or(ii)any change in carrying amount of an asset or of a liability recognised in equity, including surplus in profit and loss account on measurement of the asset or the liability at fair value,shall not be treated as free reserves;
