Interim Dividend
This query is : Resolved
29 January 2010
Is there any restrictions as to how many times a company can declare an interim dividend during a particular financial year.
Secondly is it necessary to open a separate bank account every time an interim dividendis declared?
Can a company use an account once opened for subsequent distribution of interim dividend?
Please clarify!
Secondly is it necessary to open a separate bank account every time an interim dividendis declared?
Can a company use an account once opened for subsequent distribution of interim dividend?
Please clarify!
29 January 2010
There is no restriction on the number of times, interim dividend can be declared.
Opening a seperate bank account is required for each set of interim dividend.
The account opened once cannot be used for subsequent interim dividend.
Opening a seperate bank account is required for each set of interim dividend.
The account opened once cannot be used for subsequent interim dividend.
29 January 2010
Completely agree with Expert.
29 January 2010
Agree with Experts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Traces submitting correction statement error
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Taxability of credit in canara bank ET & T section (NRO)
- Loss of interest in PF transfer from EPFO to Trust
- ITR-Capital Gain
- IT returns for fresh job holders
- F&O reporting in ITR
- ITR-3 File/Error Found
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
