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Section 123 of the Companies Act, 2013 deals with:

Section 123 of the Companies Act, 2013 (formerly Section 205 of the Companies Act, 1956) governs the declaration and payment of "Dividends", providing that no dividend shall…

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Section 123 of the Companies Act, 2013 deals with:

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Section 123 of the Companies Act, 2013 (formerly Section 205 of the Companies Act, 1956) governs the declaration and payment of "Dividends", providing that no dividend shall be declared or paid by a company for any financial year except out of the profits of the company or out of money provided by the Central or State Government in pursuance of a guarantee.

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