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Nachiket PalsuleNachiket Palsule asked 10 months ago
1 Answers
RaviRavi Staff answered 10 months ago

Sorry for late reply, our site had some issues. 
In old company’s act there was requirement for compulsory transfer to general reserves at the time of declaring dividend, but now such requirement is removed, we can transfer any amount we want or we may not transfer any amount to general reserve. So in this case even if there is no transfer it is absolutely fine

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