Distribution of Debentures, etc. - (New) Section 2(40)(b) / (Old) Section 2(22)(b)

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....nture-stock, deposit certificates (with or without interest), and any bonus shares to preference shareholders, to the extent of accumulated profits (capitalised or not). This section focuses on non-cash distributions, such as: (a) Debentures / debenture-stock • Issuing debentures instead of paying cash dividend • Includes interest-bearing or non-interest-bearing ins....