reserves and surplus

This query is : Resolved

prathamesh (Querist)
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25 August 2009 According to the company law how much percetage of the profit should be transfered to the reserves??
if excess profit is transfered then do auditor has to comments on the deviation from law provision??

M Prabhakar Menon

M Prabhakar Menon (Expert)
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26 August 2009 There is no such requirement

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reserves and surplus

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