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Companies act
Company can Issue Interim Dividend If there is no provision in AOA & MOA about it ????
If yes or no kindly tell with section
Replies (2)
section 2(35) read with section 123(3) describes what is interim dividend, who has the power to declare, sources of payment etc. The power to declare interim dividend is vested to the board hence no express provision is required in articles.
payment of dividend is inherent to company... no express provision in articles is required
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