if a company want to give a gift to his shareholder can it be given then will that gift will termed as dividend or as gift only..???
i hav this query relating to both private and pubilc company both..??
reply as soon..
thank you
Nirmit Choraria (CA Final) (1333 Points)
29 December 2011if a company want to give a gift to his shareholder can it be given then will that gift will termed as dividend or as gift only..???
i hav this query relating to both private and pubilc company both..??
reply as soon..
thank you
CA Maulik Rachh
(-)
(114 Points)
Replied 29 December 2011
As per company law, dividend can be in form of cash or KIND,,bt in this case such gift can be given in personal capacity rather than as a company..
CAclubindia
