03 June 2010
In my opinion, Meaning of dividend: Dividend is the return on the investment of shareholders in a company. Only profits can be distributed as dividend Dividend means the portion of the profits of the company which is distributed to the shareholders Definition of dividend: Dividend includes any interim dividend [Sec. 2(14A)] Ordinarily, the term interim dividend means the dividend declared between two AGMs Source of dividend: a)Profits of current FY b)Undistributed profits of previous FY(s) c)Money provided by CG or SG in pursuance of a guarantee given by it.
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