https://www.taxtmi.com/circulars?id=10887 Section 205(2A) includes a proviso enabling a company to make a voluntary transfer of a higher percentage of annual profits to reserves, subject to rules made by the Central Government; the department confirmed the proviso is not a drafting error and that voluntary higher transfers remain permissible in accordance with those rules. en-us Fri, 12 Mar 1976 00:00:00 +0530 Fri, 17 Jun 2011 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10887 Section 205(2A) includes a proviso enabling a company to make a voluntary transfer of a higher percentage of annual profits to reserves, subject to rules made by the Central Government; the department confirmed the proviso is not a drafting error and that voluntary higher transfers remain permissible in accordance with those rules. Circulars Companies Law Fri, 12 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10887