About this document
Dividend Payment Provisions in Law by Prasad Khopkar is a document available to read on EtoBox.
The document compares key provisions related to declaration and payment of dividends under the Companies Act, 2013 versus the Companies Act, 1956. Some key differences include: - Under the 2013 Act, companies in default of deposit repayment cannot declare dividends, unlike in the 1956 Act. - The 2013 Act requires dividends be paid only from free reserves, while the 1956 Act had no such restriction. - The 2013 Act does not require setting off past losses before declaring dividends, unlike the 1956 Act.
- Author
- Prasad Khopkar
- Language
- EN