Dividend declaration restrictions require setting off carried forward losses and unprovided depreciation against current year profits before dividends. The amendment inserts a proviso prohibiting a company from declaring dividends unless carried forward losses and depreciation not provided in prior ... Summary
Dividend declaration restrictions require setting off carried forward losses and unprovided depreciation against current year profits before dividends.
The amendment inserts a proviso prohibiting a company from declaring dividends unless carried forward losses and depreciation not provided in prior year(s) are set off against the current year's profits.
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