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12 Calculate maximum amount that can be distributed us dividend for the year 2012 according to the Companies (Declaration of Dividend out of Reserves) Rules,

12 Calculate maximum amount that can be distributed us dividend for the year 2012 according to the Companies (Declaration of Dividend out of Reserves) Rules, 1975 from the following information: Paid-up Equity Share Capital 40,00,00 Free Reserves 20,00,000 Loss in 2012 2,00,000 Dividend declared in 2007 : 15%, 2008 : 13%, 2009 : 14%, 2010 : 16%; and 2011 : 12%

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