Providing for proposed dividend in profit and loss account and showing the same under the head “Current liabilities and provisions” in balance sheet ‑ Whether statutory obligation breach of which invites prosecution

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..... 1977. Subject:- Providing for proposed dividend in profit and loss account and showing the same under the head Current liabilities and provisions in balance sheet ‑ Whether statutory obligation breach of which invites prosecution Some representations were received from the Chambers of Commerce against the prosecution proceedings launched for contravention of Schedule VI read .....

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