How to distribute reserve & surplus ?
This query is : Resolved
jayesh shah
(Querist)
03 July 2012
Sir ,
My client is Pvt limited company , closely held company No busines operation since last one Year. Sahre capital is Rs,200000+ Reserve & surplus Rs.1800,000/- represted by Bank Balance of Rs.20,00,000/- on assets . There is no other assets and liabilites.
How to distribute Reserve & surplus of rS.1800,000 to share holders ?
Jayesh Shah
My client is Pvt limited company , closely held company No busines operation since last one Year. Sahre capital is Rs,200000+ Reserve & surplus Rs.1800,000/- represted by Bank Balance of Rs.20,00,000/- on assets . There is no other assets and liabilites.
How to distribute Reserve & surplus of rS.1800,000 to share holders ?
Jayesh Shah
CA CS Amit S. Kedia
(Expert)
03 July 2012
You can buy back the shares issued earlier to the maximum extent possible u/s 77A of Companies Act, 1956.
Dividend can also be distributed but there are many restrictions for distributing dividend.
Dividend can also be distributed but there are many restrictions for distributing dividend.
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