we had losses in all previous years and profit in current year , current year profit is less than all accumulated losses
can we declare dividend?
4 Replies
prasad Nilugal
(3924 Points)
Replied 11 November 2021
Refer section 123 of the companies act 2013 , with latest amendments .
prasad Nilugal
( GST Practitioner & Accounts )
(14870 Points)
Replied 11 November 2021
Above section will applicable , only if you are company .
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 11 November 2021
Dividend can be declared for the year of profit
chirag garg
(2 Points)
Replied 16 November 2021
Yes you can declare DVD but in conditions as your company has inadequate profit
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