Question

    Under Companies Act, 2013, a company can declare

    dividend from:
    A Current year profits only Correct Answer Incorrect Answer
    B Past reserves only Correct Answer Incorrect Answer
    C Profits after providing depreciation Correct Answer Incorrect Answer
    D Revaluation reserve Correct Answer Incorrect Answer

    Solution

    As per Section 123, dividend can be declared only after providing for depreciation under Schedule II of the Act.

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