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Book Closure on declaring Preference Dividend

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(Querist)
17 July 2010 hi all,

Can anyone confirm whether book closure is mandatory to declare dividend on preference share like equity.

Expecting your suggestion asap.

Thanks & Regards,
Akansha Gambhir
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Jagruti (CS)

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Jagruti (CS) (Expert)
19 July 2010 Book closure is not mandatory. you can keep record date for the same istead of book closure
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CS Akansha Gambhir

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CS Akansha Gambhir (Querist)
19 July 2010 May i know reference to any any provision, rule or law for the same?
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Jagruti (CS)

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Jagruti (CS) (Expert)
20 July 2010 You may check the commentary of Section 154 in any authors book like KR Chandratre.
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