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Can a Private Limited Company which does not declare any dividend transfer any amount from accumulated profit?

April 26, 2017Business COMPANY corporations declare dividend Finance limited private transfer

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Can a Private Limited Company which does not declare any dividend transfer any amount from accumulated profit?

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Check the Bylaw of the company to see if there is a provision for the transfer. Otherwise, have the board approve the transfer, write it in the minutes and at the same time, have the board approve the amendment of the company bylaw.