sstatutory reserve
This query is : Resolved
vishal chamaria
(Querist)
23 July 2009
What are the provisions relating to the Statutory Reserve u/s 45IC of the RBI Act
What are the provisions relating to the Statutory Reserve u/s 45IC of the RBI Act
Aditya Maheshwari
(Expert)
23 July 2009
It should be created @ 20% of the profits after tax in case of an non banking financial company.
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