Section 15 of BRA : Section 15: Restrictions As To Payment Of Dividend
BRA
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Explanation using Example
Imagine a bank named "SafeBank" which has been in operation for a few years. Over the years, SafeBank incurred various capitalised expenses including costs for setting up their branches, marketing expenses, and also faced some financial losses. According to Section 15 of The Banking Regulation Act, 1949, before SafeBank can decide to pay dividends to its shareholders, it must first ensure that all these capitalised expenses are completely written off.
For instance, if SafeBank...
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