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Is it correct that a loan oran advance by a private limited

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Q1 Is it correct that a loan oran advance by a private limited company to a shareholder of thecompany is considered as payment of dividend? Explain yourviews.

Q2 Will a loan or advance by aprivate limited company to its holding company be considered aspayment of dividend if the subsidiary possesses sufficient amountof accumulated profits?

Reference no: EM13615851

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