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Payment of dividend

This query is : Resolved

Vishnu Bargoti (Querist)
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31 July 2012 Whether companies (Declaration of Dividend out of Reserves) Rules, 1975 is Applicable to Pvt. Companies.
Whether Reserve includes Surplus of Profit as per theses rules.

Ajay Mishra

Ajay Mishra (Expert)
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31 July 2012 Hi

Yes, it will apply on both, public as well as private company who declaring the dividend.

Vishnu Bargoti

Vishnu Bargoti (Querist)
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01 August 2012 Thanks

Whether accumulation of profits of last years is included in reserves as per theses rules.

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