Menu
Distribution of dividend.
Hello sir/madam, Can a company borrow funds from a bank and distribute it as dividends to shareholders? is it possible.
Replies (2)
Quick Summary
No, Company cannot do so. As per section 123 of the Companies Act 2013, a Company can distribute the dividend out of the current profit of the Company or accumulated profits of the previous yeart.
Thank sir...
Recent Topics :
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
Related Topics :
CAclubindia
