Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-02-28
Under the "Company Law" stipulates that after-tax profits of the company should make up the losses in accordance with, extract the statutory surplus reserve fund to extract the Community Chest, to pay preferred stock dividends, extract any surplus fund to pay common stock dividends distributed in the order. Companies make up the losses, extract the statutory surplus reserve fund and the Community Chest before the distribution of dividends shall not be. The company's provident fund used to cover the company's losses, extending the company's production and operation, or to a company's capital. The company extracted the Community Chest for the collective welfare of the company's employees.
The allocation of the year the company after-tax profits, 10% of profits should be extracted in the Company's statutory provident funds, and extraction of 5-10% profit in the Company's statutory common welfare fund. If the surplus fund has reached 50% of the registered capital can not extract. The company's statutory provident funds are insufficient to cover the previous year's losses, in accordance with the foregoing conditions, extracting the statutory provident fund and statutory public welfare, you should first make up the losses with the profits that year. Extracted from the after-tax profits of the company provident fund, the resolution by the shareholders meeting, you can extract any provident fund. Company may, by the shareholders meeting to vote on the consent of a provident fund into share capital (this is usually listed in the 10 Zhuanzeng dividend announcement number), percentage of shares held by shareholders of the original issue of new shares or increase the par value per share. Zhuanzengguben the statutory surplus reserve fund, the Zhuanzeng retained after the fund registered capital of not less than 25%. Non-profit that year, when the company may not be the allocation of dividends. But the company the surplus fund to cover the losses, the company general meeting of shareholders a special resolution, may not exceed 6% of face value of the ratio of the stock with a surplus of fund allocation of dividends, but the distribution of dividends after the company's statutory surplus reserve fund of not less than 25% of the registered capital. Company's profits available for distribution by not less than 6% of face value of the ratio of the stock dividend payments, they can be handled in accordance with the above method. Company's distribution of dividends can be used in the form of cash or stock, the Company's common stock dividend, it should be held by the shareholders in proportion to the allocation of shares, the National Organization of dividends received by national regulations. Companies should according to the provisions of the tax authorities and payment of individual shareholders, the dividend withholding of income taxes payable.
