Company Matter
This query is : Resolved
01 August 2008
Dear All,
Can private limited company can give dividends to its shareholder on its provisional audited P &L account.Company is showing 40% profit in this current year.What parameter must be looked/checked before giving any dividend.
Regards,
Rakesh
Can private limited company can give dividends to its shareholder on its provisional audited P &L account.Company is showing 40% profit in this current year.What parameter must be looked/checked before giving any dividend.
Regards,
Rakesh
02 August 2008
The Board can declare interim dividend but not final dividend on the basis of provisional accounts, subject to the condition that when audited accounts are finalised, the current profits are sufficient to accommodate the dividend so declared.
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