Menu
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
Recent Threads
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
Related Threads
CAclubindia
