24 June 2013
IS it possible to pay excess dividend in the case of redeemable preference shares.
Example :
can 20% dividend be declared on the "10% redeemable preference shares.
Guest
Guest
(Expert)
24 June 2013
24.06.2013
Dear Kunal,
It is a Management call. If there is still a surplus after paying the Equity Shareholders, the Directors may decide vide a resolution to disburse the surplus to the Preference Shareholders.
CAclubindia
