Hi,
All
If any type of company is gaining the loss during the year and it has been declared 8%, 10% and 12% dividend preceding three years respectively. BOD is decided to maintain goodwill of the company and decided to declare the interim dividend of 12% during the year. What is the process for it?
/experts/declaration-of-dividend-from-past-profits-249685.asp
Read in above link section 123(3) reply by CA Ayush
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