As per Sec 123 of The Companies Act, 2013, it is not mandatory to transfer any amount to reserves before declaration of dividend.
Hence the company can declare dividends without transferring any amount to reserves.
However as a matter of prudence, the company may transfer as the Dividend Policy of the company.
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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Karia Overseas
Ahmedabad
CA
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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T R SOOD & CO
New Delhi
CA Inter
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CAclubindia
