📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    Under the Companies Act, 2013, which of the following is

    TRUE about interim dividend?
    A Can only be declared out of current year profits Correct Answer Incorrect Answer
    B Can be declared out of current year profits and/or surplus in P&L Correct Answer Incorrect Answer
    C Requires approval from ROC Correct Answer Incorrect Answer
    D Cannot exceed 20% of paid-up capital Correct Answer Incorrect Answer
    E Can only be declared after AGM Correct Answer Incorrect Answer

    Solution

    • Section 123 allows interim dividend from current year profits and/or accumulated surplus, subject to prescribed conditions.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call