Which of the following companies not allowed to pay dividend and their profits are intended to be ap...........

Companies Act-Phase (I & II) Paymentofdividends

Which of the following companies not allowed to pay dividend and their profits are intended to be applied only in promoting the object of the company:

Investing Companies

One Person Company

Section 8 Companies i.e. companies not for profit motive.

Public companies

None of the above

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Explanation:

As per section 123 of Companies Act, 2013, Section 8 companies i.e. companies not for profit objectives, cannot pay dividend to its members. Their profits are intended to be applied only in promoting the objects of the company.