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Interim dividend

This query is : Resolved 

22 September 2016 The directors of PayWell Private Limited declared and paid an interim dividend of
Rs.5/= per equity share having face value of Rs.10/- each. However, when the
resolution was put up for confirmation by shareholders , the resolution could
not be carried through. Can PayWell claim back the interim dividend already
paid to the shareholders?

23 September 2016 For declaring the interim dividend Board has the power, so PayWell need not claim back the dividend already paid.



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