Can the interim dividend of FY12-13 be declared on april 2013? What is the procedure to be followed for transfer to Reserves?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 16 September 2014
Yes, it could have been declared in April 2013 also before accounts for 2012-13 are approved by the Board. But April 2013 has already gone.
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