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Discussion Topic: “Statutory Defintions”
Discussion Questions:
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?
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1 Answers Punjab National Bank,
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