Dividend on calls in arrears.
Querist : Anonymous
Called up capital - Rs.10,00,000/- (100,000 shares of Rs.10 each)
calls in arrears - 15000 (rs.3 each for 5000 shares)
thus paid up capital being 985,000/- only.
dividend proposed and declared is 10%
what should be the dividend amount payable.??
Please Clarify. Thanks in advance.
Querist : Anonymous
Shall it not be on just 950,000 .. which is the paid up amount of the shares on which no arrears or default exist ??? Had a confusion with the matter.
Querist : Anonymous
so first check the articles of the company.
Querist : Anonymous
Querist : Anonymous
Thank you Nikhil Sir.
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