Companies Act, 2017

PART-VII

DIVIDENDS AND MANNER AND TIME OF PAYMENT THEREOF

Companies Act, 2017 PART-VII DIVIDENDS AND MANNER AND TIME OF PAYMENT THEREOF From: 2023-11-01 - To: 0000-00-00 240. Certain restrictions on declaration of dividend- (1) The company in general meeting may declare dividends; but no dividend shall exceed the amount recommended by the board. (2) No dividend shall be declared or paid by a company for any financial year out of the profits of the company made from the sale or disposal of any immovable property or assets of a capital nature comprised in the undertaking or any of the…