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.
Identify the correct description of Ways and Means Facility?
Which of the following statements is correct?
I. The price of a call option decreases as the strike p...
The finance ministry, after consultations with the RBI, multilateral institutions, and other stakeholders, is ready with the framework for its maiden Rs...
Which of the following statements about IPOs is/are correct?
It provides a company access to funds through the public capital market.
...The Reserve Bank of India Governor Shaktikanta Das-headed Monetary Policy Committee and has decided not to raise the repo rate, keeping it at 6.5%.In...
Which of the following most likely increases the wealth of shareholders?
Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
Which of the following is not a part of the Forex Reserves ?
In an inventory control model the ‘Buffer stock’ is the level of stock
What does G represent in the NFGS, a network of 114 central banks and financial supervisors that aims to accelerate the scaling up of finance and develo...
