Dividend
This query is : Resolved
09 January 2015
Sir , Can dividend paid out of capital profit? and then its consequences also ?.
10 January 2015
No, Dividend can only be paid from profits or from past profits i.e. accumulated profits. Section 123 of the CO. act, 2013
10 January 2015
Consequence
Director's can be punished u/s 447 of the Co's Act,2013.
Director's can be punished u/s 447 of the Co's Act,2013.
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