Interim dividend
This query is : Resolved
Ashish Aggarwal
(Querist)
04 November 2010
Suppose a company paid interim dividen out of profit. Then it made some huge extraordinary loss which wiped out its current and past year profits. What is the implication
04 November 2010
company cannot get back the interim dividend. So no implication for interim dividend. , it will be adjusted against reserve.
Ajay Mishra
(Expert)
09 November 2010
Hi
The company has declare interim dividend out of profit in accordance with Companies Act and thereafter the the company suffer losses, in that situation company can not withdraw such interim dividend for write off such losses.
Regards
The company has declare interim dividend out of profit in accordance with Companies Act and thereafter the the company suffer losses, in that situation company can not withdraw such interim dividend for write off such losses.
Regards
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