Interim dividend
This query is : Resolved
CS Arjun Rajagopal
(Querist)
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?
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?
CA R SEETHARAMAN
(Expert)
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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