As per Section 123(5) of Companies Act, 2013 Dividend not be payable except in cash.
APPLICABLE PROVISIONS- MANAGERIAL PERSONNEL: SECTIONS INVOLVED: Section 152(2): Save as otherwise expressly provided in this Act, Every Director shall be appointed by the company in general meeting. Section 170(2) A return containing such particulars and documents as may be prescribed, of the directors and the key managerial personnel shall be filed with the Registrar within […]
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