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( b ) Following information are available in respect of Z Limited as on 4 3 1 s t March, 2 0 2 4 Equity

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(b) Following information are available in respect of Z Limited as on
4
31st March, 2024
Equity shares of 100 each
General Reserve
500 lakhs
Loss for the year ending 31st March, 2024
100 lakhs
5 lakhs
Due to absence of profits during the year 2023-24, the management recommends to declare dividend of 10% on equity share capital out of general reserve.
The rates of equity dividend for the last 5 years immediately preceding the year 2023-24 are as follows :
\table[[2022-23,2021-22,2020-21,2019-20,2018-19
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