Charu (nil) (122 Points)

28 December 2010  

A listed company increased its paid up capital in May 2010 by alloting shares to promoters by way of preferential allotment. The record date for payment of dividend is fixed in mid september 2010. Are the additional shares allotted to promoters in May 2010 eligible to receive dividend on the basis of profit as on 31st March 2010?