Menu
Distribution of dividend.
Hello sir/madam, Can a company borrow funds from a bank and distribute it as dividends to shareholders? is it possible.
Replies (2)
No, Company cannot do so. As per section 123 of the Companies Act 2013, a Company can distribute the dividend out of the current profit of the Company or accumulated profits of the previous yeart.
Thank sir...
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
