"CA Finalist"
An overview of why dividends are paid from profits, not capital. Learn about the principle of capital maintenance and its role in protecting creditors.
The official justification? India buys oil from Russia, refines it, and sells it to Europe – allegedly profiting from the war. The irony is hard to miss: US itself trades in items like enriched uranium and mercury with Russia. Apparently, it’s only wrong when others do it.
Understand why independent directors are prohibited from receiving ESOPs under Indian law, while profit-based commissions are permitted with shareholder approval.
