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Dividend law

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(Querist)
02 November 2011 Can anyone tell me pls whether dividend proposed and payed by a PVT LTD Co has to comply all the provisions mentioned in the Companies Act, 1956.
For eg: Transfer to Reverses, etc.
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CS Bijoy

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CS Bijoy (Expert)
05 November 2011 Dividend once declared it becomes liability and the provision must complied with.
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Paras

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Paras (Querist)
05 November 2011 Ya dats True , but what i am trying to tell is whether this Dividend Provisions is applicable to public co's only or public and pvt co's both...?
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CS Bijoy

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CS Bijoy (Expert)
07 November 2011 Yes applicable to both, but the recommendation of dividend is the option of the Board.
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Paras

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Paras (Querist)
08 November 2011 ok..thnx
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