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[Cites 0, Cited by 0] [Section 372A(10)] [Section 372A] [Entire Act]

Union of India - Subsection

Section 372A(10)(b) in The Companies Act, 1956

(b)"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.]