than company shall not be declared at rate higher than average divided declared by company during immediately preceding 3 financial year
my questions this :- if company declare dividend only 2 preceding year out of 3 preceding year
than comapany give interim dividend in this situation ???
if yes soo calculate average rate of dividend preceding 3 year
aggregate of 2 years rate dividend divide(÷) by 3 or 2
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company want to give interim dividend in case hase incurred loss during the current financial year up to end of quater
Replies (1)
This concept of average dividend only applicable in case of company incurred losses... Obviously when dividend not paid in any year then it cames to 0 and average of 3 last yrs calculated like 100+100+0/3
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