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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,

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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, 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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