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of <h1>Companies Must Reserve Profits Before Declaring Dividends; Specific Percentages Required for Different Dividend Rates</h1> No company shall declare or pay dividends for any financial year from its profits, after accounting for depreciation, without transferring a specified percentage of those profits to its reserves. If the proposed dividend exceeds 10% but not 12.5% of paid-up capital, at least 2.5% of profits must be reserved. For dividends exceeding 12.5% but not 15%, the reserve must be at least 5%. If the dividend exceeds 15% but not 20%, at least 7.5% must be reserved. For dividends over 20%, at least 10% of profits must be transferred to reserves.
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