Dividend on shares
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2012
Does the proposed dividend include the un paid dividend on cumulative pref. shares ?
OR proposed dividend is raised for the payment of declared dividend on equity shares ?
OR proposed dividend is raised for the payment of declared dividend on equity shares ?
25 April 2012
Unpaid dividend and proposed dividend are different.
Proposed dividend means divided proposed by the board of directors and yet to be approved by shareholders in general meeting.
i.e it is just a provision for payment of dividend.
Unpaid dividend means dividend that a company has been announced but not yet paid.i.e liability of the company.
Both can't be clubbed under single head.
Proposed dividend means divided proposed by the board of directors and yet to be approved by shareholders in general meeting.
i.e it is just a provision for payment of dividend.
Unpaid dividend means dividend that a company has been announced but not yet paid.i.e liability of the company.
Both can't be clubbed under single head.
CA Nikhil Jhanwar
(Expert)
25 April 2012
Here unpaid dividend on Cumulative Pref. Shares are also in nature of dividend which is not yet announced although become due to be paid in the events of profits and that too before paying any dividend to equity shareholders.
SO if there is some amount in the nature of proposed dividend then it must have include dividend on Pref. Shares also because because they have preferential rights over divdend from Equityshareholders
SO if there is some amount in the nature of proposed dividend then it must have include dividend on Pref. Shares also because because they have preferential rights over divdend from Equityshareholders
02 May 2012
The experts are right I agree with them
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
