Declaration of dividend
This query is : Open
Karthik Kumar
(Querist)
12 June 2018
A Company that has accumulated losses in it's balance sheet (i.e till previous year) and in the current year it sells one of it's industrial property and makes more than it's book value. The company wants to declare dividend of such surplus. Can the company do so? What are the other provisions to be complied with?
12 June 2018
https://www.caclubindia.com/experts/can-dividend-be-issued-out-of-profits-from-sale-fixed-assets-1599629.asp
Karthik Kumar
(Querist)
12 June 2018
Thank you sir! the link was helpful @b.chackrapni warrier
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