No dividend can be paid except out of profit.

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Ø  No dividend can be paid except out of profit.

         

    Dividend is the share of profit payable to the shareholders.

01.    No dividend is payable except out of profit after providing for depreciation, any reserve, past losses and others expenses of the company.

02.    No dividend shall exceed the amount recommended by the directors

03.    Only registered members at the date of declaration are entitle to any specific dividend.

 

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