DIVIDEND relating

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1 Points Posted on 29 February 2020
meaning of "that subsection" according to section 123(1)
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On 29 February 2020 at 22:39 Report
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This discussion clarifies the meaning of 'that subsection' in relation to Section 123(1) regarding dividend declarations. It explains that 'that subsection' refers to subsection 2 of Section 123, which mandates depreciation to be provided according to Schedule II. Crucially, depreciation must be calculated and accounted for before any dividends can be declared.

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Practicing Company Secretary @ RASHI JAI
1300 Points Posted on 21 March 2020
For the purposes of clause (a) of sub-section (1), depreciation shall be provided in accordance with the provisions of Schedule II. It is for depreciation calculation " that subsection" is subsection 2 of section 123.
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On 21 March 2020 at 17:45
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Chartered Accountant
12739 Points Posted on 22 March 2020

depreciation is provided firstly before declaring any dividend 

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On 22 March 2020 at 12:35

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