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      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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