This Query has 5 replies
sir,
i have doubt regarding the distribution of dividend. suppose if a company has no revenue profits but there is profit from the sale of fixed assets. in this case profits are available with the company in cash. so can the company distribute the profit in the form of dividend.
thanks in advance,
Hope a quick reply.
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Dear Sir,
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What is the meaning of the term 'ordinary course of business' in section 185 of the Companies Act 2013.
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Section 185 0f the Companies Act,2013 replaces Sections 295 and 296 0f the earlier Act has been notifued.However,Section 186 of tyhe CompaniesAct,2013 which replaces Section 372A of the earlier Act is yet to be nofied.
In viewv of the above,what is the position regarding aPublic Limited Company giving a Corporate Guarantee or Security for a Bank Loan to another JV Company in which certain Directors are common and majority shareholding is of a wholly owned subsidairy of the Public Limited Company?
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This Query has 1 replies
Dear All,
kindly help me in this query.
if a company wants to give its assets as security in form of guarantee to other company will it covered under section 185 or will it be termed as inter corporate investment as section 186 under companies Act, 2013.
thanks in advance.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Can dividend be issued out of profits from sale fixed assets