Dividend declaration

Dividend declaration is not mandatory so you profit directly in reserve and surplus account

even transfer to reserve is not mandatory as per companies Act 2013 there was limit in companies Act 1956

but in the case , when dividend declared in GM then it's mandatory to transfer dividend to shareholders who has been listed to give dividend within 30 days of declaration
if not paid within 30 days then money shall be transfer to unpaid dividend account...Sec 124 & 125