Hi Members
Can a company that has inadequate profits or has incurred
loss in the immediately preceding financial year declare an interim
dividend out of the accumulated profits of the previous financial
years? Also, is there any restriction on the rate of dividend?
profits
inadequate
case
dividend
declaration
What is the exact meaning of "event of inadequacy or absence of profits in any year"? What are criteria for profit to be considered as "inadequate" under section 123 of the Companies Act 2013? '
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under
inadequate
