Book Closure on declaring Preference Dividend
This query is : Resolved
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
Can anyone confirm whether book closure is mandatory to declare dividend on preference share like equity.
Expecting your suggestion asap.
Thanks & Regards,
Akansha Gambhir
19 July 2010
Book closure is not mandatory. you can keep record date for the same istead of book closure
19 July 2010
May i know reference to any any provision, rule or law for the same?
20 July 2010
You may check the commentary of Section 154 in any authors book like KR Chandratre.
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