Dividend
madhav Tikole (2 Points)
25 November 2016
Wether final dividend mandatory to declare every year?
Nikhil Sharma
(Government Service)
(539 Points)
Replied 25 November 2016
Jatin Bajaj
(CS)
(2928 Points)
Replied 26 November 2016
YES, IT IS NOT MANDATORY TO DECLARE DIVIDEND AT EVERY YEAR , AS PER SECTION 123 OF THE COMPANIES ACT, DIVIDEND SHALL BE DECLARED FOR ANY FINANCIAL YEAR AT A GENERAL MEETING OUT OF THE PROFITS OF THE COMPANY FOR THAT YEAR OR ANY PREVIOUS YEAR AFTER PROVIDING FOR DEPRICIATION
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