Sl. No.
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INTERIM DIVIDEND
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FINAL DIVIDEND
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1
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Declared by the Board
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Declared by the Shareholders
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2
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Can be declared only at Board Meeting and not by a committee of Board or by way of resolution passed by circulation
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Can be declared only at duly convened Annual General Meeting
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3
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Cannot be declared out of profits of pervious years or Free Reserves.
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Can be declared out of Free Reserves.
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4
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Can be declared only if company has made profit for the current year.
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Can be declared even if profits are in adequate or nil profits.
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5
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Approval of Members is not required.
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Approval of members is required.
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6
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Dividend can be paid after setting aside such sum as would be necessary to pay dividend to preference shareholders at contracted rate.
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Dividend can be paid only after payment has been made to preference shareholders.
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