Chapter 10
Divisible Profits and Dividends
CHAPTER OUTLINE
10.1 Meaning of Divisible Profit
10.4 Profit vs Divisible Profit
10.5 Principal Determinants of Divisible Profit
10.6 Companies Act Relating to Payment of Dividend
10.7 Companies Act Regarding Unpaid and Unclaimed Dividend
10.8 Payment of Dividend out of Capital Profit
10.9 Payment of Dividend out of Capital
10.10 General Guidelines for Distribution of Dividend
10.11 Articles of Association Regarding Dividend
10.12 Auditor’s Duty as Regards Payment of Dividend
10.1 MEANING OF DIVISIBLE PROFIT
The portion of profit, which can legally be distributed ...
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