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Finance Companies Act · s 14
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Finance Companies Act · s 14
Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.
No finance company shall pay any dividend on its shares until all its capitalised expenditure (including preliminary expenses, organisation expenses, share selling conmission. brokerage, an~ount of losses incurred and any item of expenditure not represented by tangible assets) has been completely written off.