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Transfer of profits to general reserve

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(Querist)
19 April 2012 CAN A COMPANY TRANSFER MORE THAN 50% OF ITS CURRENT PROFITS TO GENERAL RESERVE WITHOUT PAYING ANY DIVIDEND? HOWEVER, THE COMPANY HAS PAID AN INTERIM DIVIDEND LAST YEAR @ 0.5% OF ITS SHARE CAPITAL???
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
19 April 2012 For transfer of profits to reserve, please refer Companies (Transfer of Profits to Reserves) Rules, 1975.
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