All profit of the company is not divisible and number of factors should be considered while determining divisible profit of the company.
2.
Profit or a portion of profit that can be legally distributed as a dividend to the shareholders is known as "'Divisible Profit " '.
3.
Under the 1886 Act, the Government of New South Wales had an option to buy out the company for 21 times the annual divisible profits of the preceding seven years.
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