Eligibility for receiving dividend

This query is : Resolved

meena (Querist)
Follow

27 November 2013 Supposing i acquire 1000 (10%)shares in xltd on 01/04/2012. The F.y of xltd is jan-Dec. For F.y.Jan11-Dec 11 the company announces dividend of 2% on 01.5.2012. Now in the p&l a/c of xltd for f.y.jan11-dec11,there appears a proposed dividend of Rs.1000. Now My Query is
1)will i be eligible to receive dividend on 1000 shares (record date being 06.05.2012)

2) Is the dividend appearing in P&l a/c of f.y.jan11-Dec11 is of this year or any previous year.

Please clarify my doubts
I would Really be Thank ful

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

27 November 2013 there is always a record date for dividend if you are holding shares on the record date, then you will be eligible for dividend otherwise not eligible.

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

27 November 2013 for example, a compnay fixed record date 27/11/2013 for dividend, then any one who holds the shares on 27/11/2013 is eligible for dividend

if a person sells the share on 26/11 or who purchase shares on 27/11 is not eligible for dividend

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now