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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.
Which section of NI Act provides protection to collecting Banker?
Special Situation Funds can be offered by registered Fund Management Entity in IFSC, which of the following conditions govern them?
(i) Only cl...
Which of the following is not a feature of the cellular manufacturing?
Which of the following correctly describes the term "group of connected borrowers" under the UCB exposure norms?
Which of the following statements are correct regarding the issuance of a bank guarantee?
A. Banks should comply with Ghosh Committee recommen...
Small Finance Banks’ (SFB) major goal is to promote and provide banking services to the underbanked and underprivileged segments of society, the prope...
In project management, what is meant by a ‘Milestone’?
Which of the following is the utility of a Gantt chart in project management?
What risk management framework must a Payment Service Provider implement when engaging with Third-party Service Providers (TSPs) under the IFSCA (Paymen...
The economy of Country Z is in a recession, with declining GDP, rising unemployment, and low consumer and business confidence. The government is conside...