Can a private Ltd Company transfer its profits to General Reserves if its not paying any dividend in the year of such transfer neither has it paid any dividend in any of the immediately preceding financial years. It has been carrying its accumulated profits in its Profit & Loss account. Is The Companies Transfer of Profits to Reserves Rule 1975 applicable in this case. What is the maximum amount a company can transfer in such a situation.
Menu
Transfer to Reserves
Replies (2)
as per 'Companies Transfer of Profits to Reserves Rule 1975' there is no prohbition regarding transfer to reserve exceeding the minimum transfer that is to be made mandatorily. hence a company may transfer to reserve a higher %.
There is no limit
Recent Topics :
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
Related Topics :
CAclubindia
