Preference dividend
This query is : Resolved
17 October 2009
A compamy has cumulative preference share capital of Rs. 2 crore. for the year ending 07, 08 the company doesn't had profits to pay the dividend but during the year 08-09 it paid the dividend for the years ending 07, 08 out of the profits of the year 08-09. After paying the dividend of earlier years it doesn't have enough profits to pay dividend of the year 08-09 but the company has enough bank deposits. Is it possile to pay dividend in advance even though the company doesn't have enough profits
18 October 2009
No company has to pay dividend only from its profits.
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