Question

No banking company shall pay any dividend on its shares until all its capitalised expenses including ____________________have been completely written off

Q: Answer-No banking company shall pay any dividend on its shares until all its capitalised expenses including...

Section 15. Restrictions as to payment of dividend 1 No banking company shall pay any dividend on its shares until all its capitalised expenses including preliminary expenses, organisation expenses, share-selling commission, brokerage, amounts of losses incurred and any other item of expenditure not represented by tangible assets have been completely written off.