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

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    No banking company shall pay any dividend on its shares

    until all its capitalised expenses including ____________________have been completely written off
    A Preliminary expenses Correct Answer Incorrect Answer
    B Organisation expenses Correct Answer Incorrect Answer
    C Share-selling commission, brokerage Correct Answer Incorrect Answer
    D All a b & c Correct Answer Incorrect Answer
    E Both a & b Correct Answer Incorrect Answer

    Solution

    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.

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question