STATUTORY RESERVE

7776 views 7 replies

Who much statutory reserve is to maintain in case of banking company if queston is silent ( for may'10 IPCC grp:2 )

20% or 25%

Please reply soon

Replies (7)
25

25%

25%

25 % 

25%

25

Sec.17 of the banking regulation act requires transfer to statutory reserve, of 20% of profits before declaring dividens.  
                       
RBI has stipulated transfer of not less than 25% of the NP before appropriations,(after adjustment provision for bonus to staff).

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details