Dividends Declaration of Transfer to reserves of certain percentage of profits Queries arising from the Companies (Transfer of Profits to Reserves) Rules, 1975 and the Companies (Declaration of Dividend out of Reserves) Rules, 1975 answered https://www.taxtmi.com/circulars?id=10850 The prescribed amount to be transferred to general reserves must be worked out in respect of the profits of the year in question and without bringing in the profits of past years, even where the profit and loss appropriation account carries forward amounts from earlier years. en-us Fri, 06 Jun 1975 00:00:00 +0530 Fri, 17 Jun 2011 14:23:00 +0530 TaxTMI RSS Generator Dividends Declaration of Transfer to reserves of certain percentage of profits Queries arising from the Companies (Transfer of Profits to Reserves) Rules, 1975 and the Companies (Declaration of Dividend out of Reserves) Rules, 1975 answered https://www.taxtmi.com/circulars?id=10850 The prescribed amount to be transferred to general reserves must be worked out in respect of the profits of the year in question and without bringing in the profits of past years, even where the profit and loss appropriation account carries forward amounts from earlier years. Circulars Companies Law Fri, 06 Jun 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10850