Dear All
If a company declared interim dividend and pay it. But in AGM if the same is disapproved. What will be the consequences? Kindly help me with proper section of company law.
Waiting for responses
Thanks in Advance
Dear Experts,
Good Evening...
We are Pvt Ltd company, asper our balance sheet as on 31-3-2011 FY(2010-11),
we have Authorised Share Capital Rs.10Cr Issued share capital Rs.9.01Cr
Share application money Rs.10.62Cr,
My Query 1) whether amount wise issued share capital vs share application money is right or wrong.
If wrong, what we have to do to rectify the same in FY 2011-12
Query 2) whether amount wise authorised share capital vs share application money is right or wrong.
If wrong, what we have to do to rectify the same in FY 2011-12
Can you please guide me
With regards
R Saravanan
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Interim dividend disapproved