Recommendation of audit committee for dividend
This query is : Resolved
23 August 2013
Sir/ Mam
Is it mandatory that a dividend should first be recommended by audit committee, then only by Board.
Is it mandatory that a dividend should first be recommended by audit committee, then only by Board.
23 August 2013
Hi
It is not mandatory, but it is a part of financial result, so it will be a good practice that firstly Committee will look in to the matter and then send to Board with their comments.
It is not mandatory, but it is a part of financial result, so it will be a good practice that firstly Committee will look in to the matter and then send to Board with their comments.
23 August 2013
Yes, Sir. As a good practice the same will be ensured. thanks for the advice.
but in case audit committee says no for dividend and board meeting says yes, then i believe there should be no concern?
does such kind of instances have prevailed in past ?
but in case audit committee says no for dividend and board meeting says yes, then i believe there should be no concern?
does such kind of instances have prevailed in past ?
23 August 2013
In this case, if their is dispute, Board decision will prevail.
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