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General Reserve

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2010 What is the reason behind transfer of Profit to General Reserve?
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Thrissurkkaran Ishtan

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Thrissurkkaran Ishtan (Expert)
21 September 2010 Transfer to General reserve is regulated by THE COMPANIES (TRANSFER OF PROFITS TO RESERVES) RULES 1975 in India. Pls check this link https://www.mca.gov.in/Ministry/actsbills/rules/CToPtRR1975.pdf

IF DIVIDEND PROPOSED ARE :

- BETWEEN 10 TO 12.5% of the paid up capital - Transfer required is 2.5% of profits after tax
- BETWEEN 12.5 TO 15% of the paid up capital - Transfer required is 5% of profits after tax
- BETWEEN 15 TO 20% of the paid up capital - Transfer required is 7.5% of profits after tax
- OVER 20 % of the paid up capital - Transfer required is 10.00 % of profits after tax
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