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Proposed dividend in amalgamation

Accountancy

Why proposed divided not include at the time of incorporation of assets and liabilities in the books of purchasing company?

Venkatesh .

Venkatesh .

CA Inter

★ 4K+

26-Mar-22 13:33

544

Answers (1)

Proposed dividend by Board cannot be distributed, only when AGM approves, dividend is declared and assured of receiving

Sudha Reddy

Sudha Reddy

CA Final

★ 20K+

30-Mar-22 09:42

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