dividend

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Bhavin patel

Bhavin patel (Querist)

07 December 2016 can dividend be adjusted against calls in arrears

Jatin Bajaj

Jatin Bajaj (Expert)

07 December 2016 ACCORDING TO SECTION 51 OF THE COMPANIES ACT, A COMPANY MAY IF AUTHORIZED BY THE ARTICLE PAY DIVIDEND IN PROPORTION TO THE AMOUNT PAID UP ON EACH SHARE. CALLS IN AREAR SHALL BE DEDUCTED FROM THE TOTAL AMOUNT

Message likes : 1 times

CA Suresh Jain

CA Suresh Jain (Expert)

07 December 2016 In the case of listed companies, calls in arrears or any other sum due from a Member in the capacity of a Member may be adjusted against the Dividend payable to him after giving such notice, as may be required. In the case of other companies, unless the Articles provide otherwise, any other sums due from a Member, in a capacity other than as a Member, may also be adjusted against the Dividend payable to him

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now