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.
Section 2(88) of the Companies Act, 2013, defines the expression ‘________________’ as such equity shares as are issued by a company to its director...
Which person is not entitled for bonus under The Payment of Bonus Act, 1965?
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, what is the Margin of safety in % if the budgeted units are 1,00,000.
Under what heading, "uncalled liability on partly paid up shares" will appear while preparing final accounts of limited liability companies?Â
Which of the following statement is incorrect with respect to Valuation of Inventories?
All the following state taxes have subsumed under the GST EXCEPT:
A company’s normal tax liability is ₹50 lakh, but MAT under Sec 115JB is ₹58 lakh. If MAT credit is allowed, how much can be carried forward, and ...
As per RBI’s 2025 guidelines, in a project finance loan of ₹1,500 crore or more, what is the minimum exposure per lender required?
The CIBIL MSME Rank (CMR) is a credit score that helps lenders assess the risk of lending to MSMEs. What is the scale used for CMR?
Investment in debt instrument for which the company has intention to receive contractual cash flows and for which, the debt gives contractual cash flows...
