Question
No banking company shall pay any dividend on its shares
until all its capitalised expenses including ____________________have been completely written offSolution
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.
In the given figure, B and C are the centres of the two circles. ADE is the common tangent to the two circles. If the ratio of the radius of both the ci...
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