COMPANIES ACT - 1963 (ACT 179)

    Section - 69 - Meaning of "Surplus"

    The surplus of a company with shares shall be the amount by which its assets, other than unpaid calls and other sums payable in respect of its shares and not including treasury shares, less its liabilities, as shown in its accounts prepared and audited in accordance with sections 123 to 136 of this Code, exceed its stated capital.