Dividend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2010
what %-age of Profit is to be transferred to Reserve in case of Dividend declaration of 10% for a financial year. Is there any other provisions of Company's Act to be looked after. Please guide
31 August 2010
Companies (Transfer of Profits to Reserves) Rules, 1975 is not applicable since dividend rate is 10%.
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2010
Thanx Sir. But Rules lays that
Where the dividend proposed exceeds 10 per cent but not 12.5 per cent of the paid-up capital, the amount to be transferred to the reserves shall not be less than 2.5 per cent of the current profits.
I dint found anything reagrding applicability
Kindly guide
Where the dividend proposed exceeds 10 per cent but not 12.5 per cent of the paid-up capital, the amount to be transferred to the reserves shall not be less than 2.5 per cent of the current profits.
I dint found anything reagrding applicability
Kindly guide
01 September 2010
The relevant provisions are in the Companies (Transfer of Profits to Reserves) Rules, 1975.
The rules are applicable to all companies.
The rules are applicable to all companies.
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