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Declataration of dividend

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 August 2017 Dear sir,

Company has 5% cumulative preference shares and company dont want to declare dividend on this shares. Is this allowed under companies Act, 2013 viz, whether declaration and payment of divident is compulsory in the given case.

please suggest!!!
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RICHA KUMAR

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RICHA KUMAR (Expert)
10 August 2017 It is compulsory in case of preference shares

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