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Dividend

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(Querist)
09 January 2015 Sir , Can dividend paid out of capital profit? and then its consequences also ?.
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c.bakshi

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c.bakshi (Expert)
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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 January 2015 Consequence

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