20 December 2009
No. Why because the company has to comply the mandatory provisions of the Companies (Transfer of profits to Reserve ) Rules issued under section 205 of the Companies Act,1956.
21 December 2009
No comapny cannot declare 100 % dividend it has to transfer requisite % to reserves .... Also Logically u can see that it is not viable for any comapny to declare 100 % dividend
CAclubindia
