Dividend payable in certain cases
This query is : Resolved
04 October 2009
Please solve my query in the following cases :-
1. Suppose RS. 10 is the face value of equity shares and upto Rs. 7 has been called up. Company declares 10% as dividend. Please tell me on what amount dividend will be payable.
2. Suppose in the no. 1 case their is calls in arrear of 100 shares which stood on the balance sheet. Now on what amount dividend will be payable.
3. As per case no. 1 now the company makes final call on 15/09/2008. At AGM held on 30/09/2008 company declares dividend. Now on what amount dividend will be declared. On full value of shares or partly paid amount.
1. Suppose RS. 10 is the face value of equity shares and upto Rs. 7 has been called up. Company declares 10% as dividend. Please tell me on what amount dividend will be payable.
2. Suppose in the no. 1 case their is calls in arrear of 100 shares which stood on the balance sheet. Now on what amount dividend will be payable.
3. As per case no. 1 now the company makes final call on 15/09/2008. At AGM held on 30/09/2008 company declares dividend. Now on what amount dividend will be declared. On full value of shares or partly paid amount.
04 October 2009
1. Suppose RS. 10 is the face value of equity shares and upto Rs. 7 has been called up. Company declares 10% as dividend. Please tell me on what amount dividend will be payable.
answer:dividend is paybale on the Face ue of share, ubless specially forbade by Article ot shareholder in GM.
2. Suppose in the no. 1 case their is calls in arrear of 100 shares which stood on the balance sheet. Now on what amount dividend will be payable.
No Dividend on call in arrear !!
3. As per case no. 1 now the company makes final call on 15/09/2008. At AGM held on 30/09/2008 company declares dividend. Now on what amount dividend will be declared. On full value of shares or partly paid amount
It depends on the time provided to shareholder to pay call (which should be minimum 14 days), if as on the record date this time has elapsed, and article provides dividend only payable on paid on amout, then , then only on partly paid amt.
otherwise on full amt.
answer:dividend is paybale on the Face ue of share, ubless specially forbade by Article ot shareholder in GM.
2. Suppose in the no. 1 case their is calls in arrear of 100 shares which stood on the balance sheet. Now on what amount dividend will be payable.
No Dividend on call in arrear !!
3. As per case no. 1 now the company makes final call on 15/09/2008. At AGM held on 30/09/2008 company declares dividend. Now on what amount dividend will be declared. On full value of shares or partly paid amount
It depends on the time provided to shareholder to pay call (which should be minimum 14 days), if as on the record date this time has elapsed, and article provides dividend only payable on paid on amout, then , then only on partly paid amt.
otherwise on full amt.
04 October 2009
Agree with expert
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
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
