Q. 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 beless than (Solved)
1. 5% of current year profit
2. 7.5% of the current year profit
3. 10% of the current year profit
4. 2.5% of the current year profit.
- d. 2.5% of the current year profit.