As per the rules framed under section 205A(3) relating to use of past reserves for payment of dividend should retain in the reserves an amount not less than
(a) 25% of the paid-up share capital of the company
(b) 20% of the paid-up share capital of the company
(c) 15% of the paid-up share capital of the company
(d) 10% of the paid-up share capital of the company
