increase cumulative dividend from 3 % to 15%

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23 March 2011 Can Board of Directors increase cumulative dividend from 3 % to 15% ?

Rasesh

Rasesh (Expert)
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23 March 2011 Cumulative Dividend (or any other terms and conditions)on Preference Shares can be increased by the Board of Directors of the issuing company subject to approval of the Board of Directors of the Preference Shareholder (if it is a company) or the Preference Shareholder himself. Need to comply with the procedure for variation in rights of members.

Rasesh

Rasesh (Expert)
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increase cumulative dividend from 3 % to 15%

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