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Law Indian Companies Act Difficulty: Medium

When there is no profit in one year or the profit of a company is not enough to pay the fixed dividend on preference shares, the arrears of dividend are to be carried forward and paid before a dividend is paid on the ordinary shares. This is called:

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More Law Questions

Section 124A of Indian Penal Code prescribes punishment for: Which one of the following is not formally considered as an amendment to the Constitution under Article 368 The transfer of the company's Government to the British Crown was proclaimed by Queen Victoria just after 'Sepoy Mutiny'. It was declared on A takes a loan from B with promise to pay it back within six months. It is also stipulated that on the failure to pay within six months. A will be liable to pay double the amount borrowed Which one of the following statements correctly defines the offence of "criminal breach of trust"?