27 February 2009
1- M/s A Pvt Ltd wants to distribute dividend to its foreign holding company which hold 99% shares of A pvt Ltd. how cud pvt company dividend and how much reserve sud b created by the company.
2- Can A pvt Ltd distribute 100% of its profit to foreign holding company?
27 February 2009
Compliance to Sec 205 is mandatory, even for a pvt ltd company, before any div is paid out. This calls for trf to reserves out of profits, before payout of div.
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