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Anyone explain me the rules for payment of dividend in that second and third point with any examples Image can be attached below
Answers (1)
The total amount to be drawn from such accumulated profits should not exceed onetenth of the sum of its paid-up share capital and free reserves as appearing in the latest audited financial statement The balance of reserves after such withdrawal should not fall below 15% of its paid up share capital as appearing in the latest audited financial statement.