When company is deemed to be in default

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..... y is deemed to be in default. 115Q. If any principal officer of a domestic company and the company does not pay tax on distributed profits in accordance with the provisions of section 115-O, the .....

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..... ter, the expression dividends shall have the same meaning as is given to dividend in clause (22) of section 2 but shall not include sub-clause (e) thereof. - - statute, statutory provisions legis .....

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