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Dividend and Capital Reserve
Can Capital Reserve realised in cash be used for paying dividend? In short is it considered as free reserve?
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Yes sir u can use capital reserve realized in cash/bank can be used for diatributing dividend.
However nature of reserve must be confirmed beforehand.
However nature of reserve must be confirmed beforehand.
*distributing
It means Profit prior to incorporation also can be used for dividend distribution as long as it is realised in cash?
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