Company law
This query is : Resolved
Akhilesh Mishra
(Querist)
10 March 2016
what if the nominal value of equity share of private company is Rs. 100 each and company desires to pay the dividend of Rs. 500 on each share??? is it so possible as per companies act 2013???
10 March 2016
Companies act doesnt gives any restriction as asked by you.
Akhilesh Mishra
(Querist)
10 March 2016
you mean co. can pay any amount as per its discretion???
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