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What is the exact meaning of "event of inadequacy or absence of profits in any year"? What are criterias for profit to be considere as "inadequate" under section 123 of the Companies Act 2013?

Section 123- Declaration of dividend.

Posted By: Robin 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

Absence of profit, reflects the condition of loss and inadequacy of profit , can be where remuneration to be paid is more than the prescribed % of the net profit or Where after paying the managerial remuneration , the company is going into losses.

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