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>Circular: No. 20/76 Dated:- 26-7-1976 Circular<br>Companies Law<br>Circular: No. 20/76 [5/10/76&#8209;CL&#8209;XIV and 1/ 1/76&#8209;CL-V], dated 26&#8209;7-....

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....t Rules, 1976) would be applied in the case of a newly incorporated company in which case no dividends would have been declared over the three years immediately preceding the financial year. The Depar....