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)
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 Threads
- FAST DS - Budget 2026
- GST Return Difference in AIS Reporting vs My Filin
- Ind As 32 Application
- Do I need to file ITR for getting money from mothe
- TDS on agricultural land bought under JDA
- How long does GSTR-2A reconciliation take your fir
- ITR-B Form
- CA Practitioners - where does your practice actual
- RCM for Processed Fish sales commission service re
- Withdrawal from composition any dead6
Related Threads
CAclubindia
