interim dividend
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 October 2010
whether interim dividend paid in BOD meeting should be ratify/put as agenda in succeeding AGM
Pls clarify
Pls clarify
CS Richa Sharma
(Expert)
28 October 2010
The Department of Company Affairs is of the view that approval of Dividend is the privilege of the General Meeting and the Board can pay Interim Dividend is so Authorized by the article of Association 'subject to' the regularization of the Interim Dividend by the Company in General meeting.(Letter No. 8/13/(205A)/79CL-V,dated 18/07/1981).
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