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dividend
BOD of AB LTD wants to declare a dividend rup. 15 lakh out of capital profit for the year ended 31 March 2017 without making a provision for depreciation referring the provision of company act u being the company secretary of the company . advice the board wether it can go ahead with it proposal...
Replies (2)
no it's is compulsory to make provision
for depreciation
refer section 123
thanks
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