02 June 2010
Can a company declare pro rata basis dividend Example: A co. has share capital rs.500000 up to 30-03-2010 then it rase his capital up to 900000 rs. now what is base rate for declaraion of dividend as on 31-03-2010 i.e 900000 OR pro rata basis(500000 up to 30-03-2010 and 900000 from 30-03-2010 to 31-03-2010)
CAclubindia
