Calls paid in advance
This query is : Resolved
24 December 2009
For calls paid in advance, will a company be under an obligation to pay both 'interest' as well as 'dividend' simultaneously?
25 December 2009
No, the company will be under obligation to pay only interest , the dividend is not applicable on Call paid in advance.
25 December 2009
AGREE
26 December 2009
Thanks for the reply experts but, Sec 92 mentions payment of interest at a rate not more than 6% on calls paid in advance. Sec 93 mentions that dividends may be paid on advance calls if so authorised by AoA. So I wish to know if AoA mentions payment of dividend on calls paid in advance, will a company be required to pay both the interest as well as dividend on such advance amount?
28 December 2009
yes
28 December 2009
yes
30 December 2009
Thanks for the reply experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Last year TDS Claim
- Soyabean hsn code and gst rate
- NON- SUBMISSION OF LLP FORM 3
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
