Dividend

Fowsi Ajeesh

CA FINAL

32 Points Posted on 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 Posted on 15 April 2015

Thank You Fowsi Ajeesh.

Nitish Agrawal

CA

810 Points Posted on 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 Posted on 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 Posted on 16 April 2015

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

jayakumar

cafinal student

112 Points Posted on 16 April 2015

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

JAYASHREE BANG

ARTICLE

24 Points Posted on 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

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Nikhil

Fowsi Ajeesh

Nikhil

Nitish Agrawal

Abhishek kakkar

prakash

jayakumar

JAYASHREE BANG

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