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Interim dividend

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(Querist)
14 December 2014 sir please tell me interim dividend only paid out of profit and loss account or other
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
15 December 2014 In the event of inadequacy or absence of profits in any year, a company
may declare dividend out of free reserves subject to the fulfillment of certain conditions.No dividend shall be declared or paid by a company from its reserves other than free reserves.
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