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Dividend declaration

This query is : Resolved 
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(Querist)
03 October 2011 Does Companies (Declaration of Dividend out of Reserves) Rules, 1975 apply only to equity dividnd or also to preference dividend?
Please explain with section/rule number.
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CS GURVINDER SINGH

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CS GURVINDER SINGH (Expert)
04 October 2011 Apply to equity only as the Preference dividend is required to be paid although when there is not sufficient Profit or no profit.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
03 August 2023
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