Question
No dividend shall be declared or paid by a company for
any financial year except_____Solution
Section 123.Declaration of dividend: (1) No dividend shall be declared or paid by a company for any financial year except— (a) out of the profits of the company for that year arrived at after providing for depreciation in accordance with the provisions of sub-section (2), or out of the profits of the company for any previous financial year or years arrived at after providing for depreciation in accordance with the provisions of that sub-section and remaining undistributed, or out of both or; both or (b) out of money provided by the Central Government or a State Government for the payment of dividend by the company in pursuance of a guarantee given by that Government.
Calculate the Current ratio based on above information?
Which term refers to the specific rate of interest carried by a bond?
Under PMEGP, what is the maximum subsidy percentage available for beneficiaries belonging to SC/ST/Women/NER categories?
GK Ltd. forfeited 500 shares of Rs. 10 each, fully called up, and held by Mr. Rakesh for non-payment of allotment money of Rs. 4 per share and first and...
Section _____ of the Companies Act, 2013, provides the matters to be stated in a prospectus.
A company purchases machinery for â‚ą10 lakhs and incurs â‚ą1 lakh on its installation. The accountant records the total â‚ą11 lakhs under the fixed ass...
Which computer application is most directly associated with automating the procure-to-pay cycle in an organization?
With respect to Insurance Accounting, what is the appropriate adjustment entry based on the provided information?
A) Claims intimated and accepte...
If the current ratio of a company is exactly 1, what will be its Net Working Capital (NWC)?
Which item is recorded as a non-cash transaction?
