Interim Dividiend
This query is : Resolved
30 September 2008
I would like to know the procedure that is needed to be followed to declare an interim dividend by a private limited company.
30 September 2008
Declare after board consent and deposit the same within 5 days in scheduled bank separately till it further distributed.
DDT will be deposited as per IT provisions
DDT will be deposited as per IT provisions
30 September 2008
Is there a ceiling on the number of times a co. could declare an interim dividend?
30 September 2008
No. The criteria is the company should have sufficient profits to accommodate the dividends and the BOard should be satisfied with that.
30 September 2008
u can refer to dividend rules made in this behalf.
30 September 2008
acha 1 more thing, what if a co. declares an interim dividend as it had earned profit tilld time of declaration but consequently it incurred an annual loss?
02 October 2008
No Problem.
Since it is that Dividend declared out of past profits.
Since it is that Dividend declared out of past profits.
04 October 2008
what if d co. had no past profits n d dividend was paid completely out of d pofits earned during d first 6 months
04 October 2008
what if d co. had no past profits n d dividend was paid completely out of d pofits earned during d first 6 months
07 October 2008
If the interim dividend is not exhorbitant and on account of reasons totally beyond the control of the Board, the second half year turns out to be a loss totally unexpected, there is no violation. But the onus of substantiating that the Board acted prudently lies with the Board. Secondly, till the deficit is made up, the company can not consider further dividends.
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
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Scrutiny assessments u/s 143(2) for AY 25-26
- Salary and pension received from Asian Development Bank
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
