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Anyone explain me the rules for payment of dividend in that second and third point with any examples Image can be attached below

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Balachandar S

Balachandar S

CA Inter

59K+

25-Mar-23 10:02

133

Answers (1)

The total amount to be drawn from such accumulated profits should not exceed onetenth of the sum of its paid-up share capital and free reserves as appearing in the latest audited financial statement The balance of reserves after such withdrawal should not fall below 15% of its paid up share capital as appearing in the latest audited financial statement.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

31-Mar-23 11:31

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