A Raghavendra (Senior Executive - Finance & Corporate A) (67 Points)
11 March 2016Whether a Private Limited Company can declare "Interim Dividend" out of Free Reserves despite losses in the consecutive years? If yes, please let me know the formalities to be complied with as per CA 2013. It is urgently required please.
A Raghavendra
(Senior Executive - Finance & Corporate A)
(67 Points)
Replied 12 March 2016
Meghaji,
There is an oscilliation that "It can be, and It can't be", to confirm the same this rescue call.
Anyway, thanks for the same and let us wait for the opinion and guidences from the members of the portal.
Thanks & Regards
A Raghavendra
Megha Choudhary
(Management Trainee)
(541 Points)
Replied 12 March 2016
i have confirmed this fact in my office regarding this..they said it cant be done
A Raghavendra
(Senior Executive - Finance & Corporate A)
(67 Points)
Replied 12 March 2016
Dear Meghaji,
Thanks a lot for confirming the same instantaneously.
Raghav
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