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
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