sec 2(22)(b)

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ravi agarwal (Querist)
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05 July 2011 DIVIDEND INCLUDES
1. any distribution to its SHAREHOLDERS by a company of debenture , debenture stock or deposit cerrtificates in any form whether with or without interset and..

SIR ,
i want to ask whether shareholder includes both preference and equity shareholders ?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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05 July 2011 No. As the preference share holders cannot vote or participate in any annual general meeting. They are only concerned with their preferential dividend.

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