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Declaration of Dividend

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(Querist)
15 September 2008 if company had incurred losses in previous year then whether it will declared dividend from current year profit directly or after set off previous year losses, please tell me in detail.............
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
15 September 2008 Please refer to section 205(1)(a)and (b).
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Jitender

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Jitender (Expert)
15 September 2008 u can declare dividend.
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