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

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....d out of Reserves) Rules, 1975 answered<br>Letter: No. 8/2 (Misc.)/75&#8209;CL&#8209;V, Dated:- 6-6-1975 Circular<br>Companies Law<br>Letter: No. 8/2 (Misc.)/75&#8209;CL&#8209;V, dated 6&#8209;6&#820....

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....ear's profit which carries forward considerable amount of profit from previous year? In such case it is difficult to ascertain whether the transfer is from current year's profit or from earlier years'....