Div distribution
This query is : Resolved
anil khatri
(Querist)
28 October 2009
Does Companies (Declaration of Dividend out of Reserves) Rules, 1975 applies to a pvt limited co.
A pvt ltd co has paid up capital 1 lac & frree reserves of rs 25 lac. Company wants to declare rs 16 lac dividend.are there ant restrictions under co. act
A pvt ltd co has paid up capital 1 lac & frree reserves of rs 25 lac. Company wants to declare rs 16 lac dividend.are there ant restrictions under co. act
Ankur Garg
(Expert)
29 October 2009
Yes Companies (Declaration of Dividend out of Reserves) Rules, 1975 applies to a pvt limited co.
You can declare dividend subject to 100% compliance of Companies (Declaration of Dividend out of Reserves) Rules, 1975.
You can declare dividend subject to 100% compliance of Companies (Declaration of Dividend out of Reserves) Rules, 1975.
Ankur Garg
(Expert)
29 October 2009
Maximum amount you can drawn for dividend from reserve is Rs. 2,60,000.
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