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Dividend
Wether final dividend mandatory to declare every year?
Replies (2)
It is not mandatory. It is at the discretion of board of directors.
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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