Which among the following consideration govern the determination of Divisible Profits for payment of dividends to shareholders:
Principles of Accounting
Incorrect AnswerProvisions of MOA and AOA
Incorrect AnswerProvisions of Companies Act, 2013
Incorrect AnswerLegal decisions
Incorrect AnswerAll of the Above
Correct AnswerExplanation:
As per Companies Act and rules framed thereunder, following are four consideration governing the determination of divisible profits for payment of dividend:
a. Principles of Accounting
b. Provisions of Companies Act, 2013
c. Provisions of MOA and AOA
d. Legal decisions
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By: Vikas Goyal