Explain the disclosure requirement as per Schedule III of the Companies Act 2013, with regard to 'Reserves and Surpluses'.

Disclosure requirement regarding Reserve and Surplus Reserve and Surplus shall be classified as: Capital Reserves; Capital Redemption Reserve; Securities Premium Reserve; Debenture Redemption Reserve; Revaluation Reserve; Share Options Outstanding Account; Other Reserves - (specify the nature and purpose of each reserve and the amount in respect thereof); Surplus i.e., Balance in statement of Profit and Loss disclosing allocations and appropriations such as dividend, bonus shares and transfer to /from reserves etc. (Additions and deductions since last Balance Sheet to be shown under each of the specified heads) A reserve specifically represented by earmarked investments shall be termed as a 'fund'. Debit balance of statement of profit and loss shall be shown as a negative figure under the head 'Surplus'. Similarly, the balance of 'Reserves and Surplus', after adjusting negative balance of surplus, if any, shall be shown under the head 'Reserves and Surplus' even if the resulting figure is in the negative.