As per the rules framed under the companies Act, 1956, if the dividend proposed by a company is 12% of the paid up capital, the amount to be transferred to reserve must not be
less than

Question

TuteeHUB · Accepted Answer

NA

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5% of current year profit

TuteeHUB · Answer

7.5% of the current year profit

TuteeHUB · Answer

10% of the current year profit

TuteeHUB · Answer

2.5% of the current year profit.

1.	As per the rules framed under the companies Act, 1956, if the dividend proposed by a company is 12% of the paid up capital, the amount to be transferred to reserve must not be less than
A.	5% of current year profit
B.	7.5% of the current year profit
C.	10% of the current year profit
D.	2.5% of the current year profit.
Answer» E.

As per the rules framed under the companies Act, 1956, if the dividend proposed by a company is 12% of the paid up capital, the amount to be transferred to reserve must not be less than

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