Maximum amount of the profit transfer

Irrespective of the agreements made regarding the calculation of the profits to be transferred, a company may remit as its profits, at a maximum, the surplus for the year accruing without the profits being remitted, reduced by a loss carried forward from the preceding year, by the amount to be allocated to the legal reserve pursuant to section 300 and by the amount barred from distribution pursuant to section 268 (8) of the Commercial Code. Where, during the term of the agreement, amounts have been allocated to other retained earnings, these amounts may be withdrawn from the other retained earnings and remitted as profits.