Dividend to director
This query is : Resolved
Vikas C Dond
(Querist)
17 July 2013
Hi ,
I am a director and pramoter in a pvt ltd co. can i get dividend ?
If yes than what is the formalities to be done ?
What is the limitation for Dividend ?
I am a director and pramoter in a pvt ltd co. can i get dividend ?
If yes than what is the formalities to be done ?
What is the limitation for Dividend ?
Ajay Mishra
(Expert)
17 July 2013
Hi
It will depend on the number of shares and percentage hold by you.
For example, if you are holding 10000 equity shares of Rs. 10/- each, i.e 10% of paid up capital and the company issued Rs. 2/- per share dividend, then you will be eligible to maximum Rs. 20000/- (Rs 2* 10000).
It will depend on the number of shares and percentage hold by you.
For example, if you are holding 10000 equity shares of Rs. 10/- each, i.e 10% of paid up capital and the company issued Rs. 2/- per share dividend, then you will be eligible to maximum Rs. 20000/- (Rs 2* 10000).
Rajat Poddar
(Expert)
17 July 2013
Agreed with Ajay sir...
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