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+--- Thread: statutory defination (/thread-statutory-defination)
statutory defination - mc080203745 - 10-30-2009
Q1.
Is it correct that a loan or an advance by a private limited company to a shareholder of the company is considered as payment of dividend? Explain your views.
Q2.
Will a loan or advance by a private limited company to its holding company be considered as payment of dividend if the subsidiary possesses sufficient amount of accumulated profits?