Question
As per Companies Act, 2013, out of which of the
following reserves can a company declare dividend?Solution
As per Companies Act, 2013 Section 123 (Declaration of dividend) and Company (Declaration and Payment of Dividend) Rules, 2014, company should declare dividend out of a. out of the profits of the company for that year arrived at after providing for depreciation or b. out of the profits of the company for any previous financial year or years arrived at after providing for depreciation and remaining undistributed, or c. Out of both d. Out of money provided by Govt. in pursuance of any guarantee given
In the framework of monetary policy, central banks employ various tools to manage liquidity and control inflation within the economy. One such tool invo...
Consider the following statements about Commercial Paper (CP):
1. It is a short-term, unsecured promissory note.
2. Only companies with a ...
What is the minimum threshold of debt for a bank to initiate recovery proceedings under the Recovery of Debts and Bankruptcy (DRT) Act?
'Gearing Ratio' is another name for which of the following?
Under 'Assignment', which of the following is usually transferred to the bank?
In the modern business environment, the concept of Corporate Social Responsibility (CSR) has become a significant aspect of corporate governance. This c...
What is the 'Base Rate' system replaced by for new loans since 2016?
Consider the revised MSME classification (effective July 2020) and evaluate these statements:
1. The distinction between manufacturing and servic...
The 'Banking Ombudsman' can pass an award for compensation for mental agony/harassment up to:
A 'Hybrid' instrument is one that:
Relevant for Exams:
