General Reserves definition

General Reserves and “Retained Earnings” have the meanings ascribed to them in the Applicable Accounts;

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;

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.

Examples of General Reserves in a sentence

• However, revaluation and disposal gains and losses are not permitted by statutory arrangements to have an impact on the General Reserves Balance.

• Investment reports are to be submitted on a monthly basis and are to contain the details as stipulated in the policy for each of the three sources of Council funds, namely General, Reserves and Endowment Lands.

• The negative balance that arises on the Pensions Reserve thereby measures the beneficial impact to the General Reserves of being required to account for retirement benefits on the basis of cash flows rather than as benefits are earned by employees.

• During the year under review, the Company has not transferred any amount to General Reserves account.

• They are made up of the General Reserves, Earmarked Reserves, Capital Receipts Reserve and the Capital Grants Unapplied Account.

• The gains and losses are therefore reversed out of the General Reserves Balance in the Movement in Reserves Statement and posted to the Capital Adjustment Account and (for any sale proceeds greater than £10,000) the Capital Receipts Reserve.

• Rentals received in relation to investment properties are credited to the Financing and Investment Income line and result in a gain for the General Reserves Balance.

• The written off carrying value of the asset is transferred from the General Reserves to the Capital Adjustment Account in the MIRS.

• The Company has not transferred any amount to the General Reserves during the year under review.

• Statutory arrangements require that the impact on the General Reserves Balance is neutralised by transfers to or from the Account.

More Definitions of General Reserves

General Reserves means SO’s non-material specific reserves for the MHSW Program.

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;

General Reserves has the meaning ascribed to it in the Accounting Information. “Group” means the Shareholder Guarantor and its subsidiaries.

General Reserves means all reserves for payment of policy benefits, losses, claims, expenses and similar purposes determined in accordance with SAP. Guaranty Association