Dividend
Nikhil (Article) (53 Points)
15 April 2015
Can Dividend proposed by board be modified/(reduced) by members in general meeting???
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
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
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