As per Transfer of Profit to Reserves rules, we have to transfer a certain % of current year profits to reserves before payment of dividend. Can a company transfer more than 10 % to reserves? What are the guidelines if more than 10% has to be transferred? Can anyone please provide a calculation format for guidelines conditions for transfer more than 10%?

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if company appoint a additional director,then this resolution will fill in the form 23 or not....in AGM notice,its a special resolution.

Please explain:
Sec 292 with 372A Loans....
Sec 166 with 210 AGM....

Basic practical knowledge connected to creation of private limited company and what are effects on current business firm(Export Firm and Construction of Buildings) if its converted into a company ?

As per provisions in the companies act, it is specifically mentioned that if a company incurs loss during the year, it can still declare dividend out of past reserves provided it fulfills all the 3 conditions.

1 condition out of that is - Max dividend which a company can declare in case of loss is - Average Rate of last 5 years dividend paid or 10% of paid up capital, whichever is less

Then how come a listed company like Indiabulls Securities (Auditor - Deloitte) declared 100% dividend for FY09 even though it reported net loss for that year.

Could some expert please enlighten me with the rules for distributing dividend in case of loss.

If the balance sheets of subsidiary companies are not made available to the holding company. Then what would be the applicability of Section 212. So, whether the holding company would wait for the accounts of subsidiary company or the company could conduct its AGM.

what is the requisite number of members to pass a special resolution?

If third party wants to take loan against shares of an unlisted public company from private limited company,what procedure need to follow.

my query is if a company is going to restructure the loan outstanding of any other company and the interest on loan amount is not booked for the FY 2009-10, Is it come under the default of section 372A??? plz update m soon....

in which situation it is mandatory for a company to appoint a branch auditor?