General Reserve
This query is : Resolved
Arun Punyani
(Querist)
07 December 2010
Sir,
Can anybody tell me that in a private company what amount of net profit is to be transferred to General reserve every year if the Company is not declaring dividend during that year?
This question is asked because we want to issue bonus shares in this company.
Thanks & Regards,
ACS Preeti
Can anybody tell me that in a private company what amount of net profit is to be transferred to General reserve every year if the Company is not declaring dividend during that year?
This question is asked because we want to issue bonus shares in this company.
Thanks & Regards,
ACS Preeti
Balakrishnan
(Expert)
08 December 2010
There is no statutory requirement to transfer to General Reserve. Even you can hold all your surplus in P&L (accumulated) a/c and there is no bar and you can issue Bonus shares too as well out of it
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Form 144 TDS Return Validation error
- Capital Gains Tax on Inherited Mutual Fund
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Gift to nri relatives resides in usa
- LLP audit and disclosure
- Import of Capital Machine
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
