Under which conditions can a company declare or pay dividends for a financial year as per the Companies Act?
Section 123.Declaration of dividend: (1) No dividend shall be declared or paid by a company for any financial year except— (a) out of the profits of the company for that year arrived at after providing for depreciation in accordance with the provisions of sub-section (2), or out of the profits of the company for any previous financial year or years arrived at after providing for depreciation in accordance with the provisions of that sub-section and remaining undistributed, or out of both; Provided that in computing profits any amount representing unrealised gains, notional gains or revaluation of assets and any change in carrying amount of an asset or of a liability on measurement of the asset or the liability at fair value shall be excluded; or (b) out of money provided by the Central Government or a State Government for the payment of dividend by the company in pursuance of a guarantee given by that Government.
Statements:
Some bells are temples.
Some temples are marbles.
Conclusions:
I. Some bells are marbles
II. ...
Statement:
Each snickers are kit Kat.
Only a few snickers are dairy milk.
Few snickers are not munch.
Conclusion:...
Statements:
Some A are B.
Only a few B are C.
All C are D.
Only a few D are E.
Conclusions:
I). No A...
Statement:
Only Cricket is Kabaddi.
Some Cricket is Football.
Conclusion:
I. All Cricket a...
Statements:
Some reds are blues.
Some blues are greens.
Conclusions:
I. Some reds are greens.
II. Some blues are reds.
Statements:No town is a city.
All cities are islands.
Conclusions:I. No island is a town.
II. All islands are cities.
Statements:Some students are Rich.
No Rich is a teacher.
Conclusions:I. Some teacher are not Rich.
II. Some Rich are students.
Statements:
Only hands are legs
Few hands are arms
All arms are shoulders
Conclusions:
I. Some hands are shoulder...
Statements:
Only a few Kennel are Stable.
No Stable is Den.
All Den are Shed.
Conclusions:
I. All Kennel are Shed.
Statements:
Only a few Rayon is Cotton.
No Cotton is Muslin.
Only a few Muslin is Modal.
All Modal are Silk.
Co...