Question
No banking company shall pay any dividend on its shares
until all its capitalised expenses including ____________________ have been completely written offSolution
Banking Regulation Act Section 15. Restrictions as to payment of dividend: (1) No banking company shall pay any dividend on its shares until all its capitalised expenses (including preliminary expenses, organisation expenses, share-selling commission, brokerage, amounts of losses incurred and any other item of expenditure not represented by tangible assets) have been completely written off.
Consider the statements about Green Rupee Term Deposit scheme:
1. RBI recently introduced this scheme.
2. It is started to mobilize funds ...
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