Dividend

This query is : Resolved 

09 January 2015 Sir , Can dividend paid out of capital profit? and then its consequences also ?.

10 January 2015 No, Dividend can only be paid from profits or from past profits i.e. accumulated profits. Section 123 of the CO. act, 2013

10 January 2015 Consequence

Director's can be punished u/s 447 of the Co's Act,2013.


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