Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Dividend

Nikhil (Article) (53 Points)

15 April 2015

Can Dividend proposed by board be modified/(reduced) by members in general meeting???

Reply
Follow
Share

7 Replies

Fowsi Ajeesh (CA FINAL) (32 Points)
Replied 15 April 2015

No. As per sec 102(2) of CA 2013, div approved by shareholders must be at the rate recommended by board of directors.shareholders do not have the right to modify .Modification includes increase/ decrease

Nikhil (Article) (53 Points)
Replied 15 April 2015

Thank You Fowsi Ajeesh.

Nitish Agrawal (CA) (810 Points)
Replied 15 April 2015

Yes dividend rate can be reduced by shareholders but they cannot increase the rate proposed by board....

Abhishek kakkar (students) (22 Points)
Replied 16 April 2015

Yes it can be modify but it could not b more than as recommended by board of directors

prakash (Company Secretary) (1352 Points)
Replied 16 April 2015

Yes, Shareholders can reduce percentange of dividend proposed by Board but they cannot increase same.

jayakumar (cafinal student) (112 Points)
Replied 16 April 2015

hope the companies act 2013 not talks about reduce the divident. can't reduce

JAYASHREE BANG (ARTICLE) (24 Points)
Replied 17 April 2015

As per regulation 80 of table f of schedule I of CA 2013 members can reduce the rate of dividend but cannot increase the rate of dividend at AGM

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

Certification Course on Practical Filing of Income Tax Returns

Pratibha Goyal

Enroll Now

17 May 2024
5th Live Batch for Basic and Advanced MS Excel

CA Vishal Zawar

Enroll Now

20 May 2024
Live Course on Drafting of appeal and reply of penalty notice, Rectification and stay of demand (with recording)

CA Sachin Sinha

Enroll Now

25 May 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads