minimum rate of dividend on preference shares
This query is : Resolved
CA MALLIKARJUN
(Querist)
24 November 2010
can we issue preference shares carrying dividend rate less than prime lending rate of bank.
taxindiaconnect
(Expert)
24 November 2010
yes.
CA MALLIKARJUN
(Querist)
24 November 2010
can u suggest minimum rate
taxindiaconnect
(Expert)
24 November 2010
it depends on various factors and there are certain type of pre cap where minimum Rs 1 can be dividend on entire holding. Ask some company Seceretary.
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