Statutory requirements with reference to retained earnings

This query is : Resolved 

11 May 2010 hi,

What is the statutory requirements with reference to retained earnings in case a company is going to declare dividend? Is it applicable to private limited companies also?

Experts and readers pl share

11 May 2010 Please see the following link
https://www.mca.gov.in/Ministry/actsbills/rules/CToPtRR1975.pdf


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