Question
No banking company shall pay any dividend on its shares
until all its capitalised expenses including ____________________ have been completely written offSolution
Banking Regulation Act 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.
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