Q429
As per section 205 (2A) a company is obliged to transfer at least what amount in reserve, if the rate of dividend is more than 20% of the paid up capital? or If the proposed dividend is 20% the percentage of profits to be transferred to reserve is:
A.
5%
B.
2.50%
C.
10%
AnswerD.
7.50%
Answer: Option C
Solution
Answer: Option C
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