Dividend payment
This query is : Resolved
preeti sharma
(Querist)
19 September 2013
A private company has paid dividend from its current account instead from a seperate account? what are its effect?how ow to deal with this situation?
Ajay Mishra
(Expert)
19 September 2013
How he can pay dividend from such account. Firstly you decide that, then you deal with that situation.
Generally it is not possible that a company pay dividend from current account. Your auditor can raise objection in this regard.
Before paying dividend, their is provision of transfer of some percentage of profit to regerve.
Generally it is not possible that a company pay dividend from current account. Your auditor can raise objection in this regard.
Before paying dividend, their is provision of transfer of some percentage of profit to regerve.
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