Conditions governing voluntary transfer of a higher percentage.

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..... than 10 per cent of its profits to its reserves for any financial year, so however that. [1] [(i) Where a dividend is declared, (a) a minimum distribution sufficient for the maintenance of dividends to shareholders at a rate equal to the average of the rates at which dividends declared by it over the three years immediately preceding the financial year; or (b) .....

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..... unt of the dividends to the shareholders declared by it over the three years immediately preceding the financial year. --------------------------------------- Notes:- [1] Substituted by GSR 472(E), dated 23-7-1976. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxm .....

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