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Dividend distribution

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(Querist)
16 July 2013 as per companies act, dividend is to be paid on face value..but why not to pay on market value if company passes a resolution in AGM i.e..a special resolution.
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Ajay Mishra

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Ajay Mishra (Expert)
16 July 2013 Hi

Generally dividend is declared at Board meeting and it is finally approved by shareholders at AGM.

Market value is not considered because it is depend on market trend and it is in fluctuation nature.

So dividend is declared on face value.
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