Conditions governing voluntary transfer of a higher percentage.

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....ent of its profits to its reserves for any financial year, so however that.-- [1][(i) Where a dividend is declared,-- (a) a minimum distribution sufficient for the maintenance of dividends to shareholders at a rate equal to the average of the rates at which dividends declared by it over the three years immediately preceding the financial year; or (b) in a case where bonus shares have been is....