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dividend

Rraj Kapadia (15 Points)

01 March 2018

dividend(also interim dividend) declared in board meeting ...can it be revoked

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Miss Mansi Bhojani (Practicing Chartered Accountant) (1693 Points)
Replied 01 March 2018

Dividend whether interim or final once declared cannot br revoked. There are exceptions though in unusual cases.

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CA Harshali Salvi (Practicing Chartered Accountant) (995 Points)
Replied 01 March 2018

no. once the dividend is declared can not be revoked .there is no such provisions in act which give power to BoD of company to revoke such declared dividend.

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Rraj Kapadia (15 Points)
Replied 01 March 2018

thank you

2 Like

sabyasachi mukherjee (26047 Points)
Replied 30 September 2019

Sec 124 of the companies act 1956.
once dividend declared whether interm or final cannot be invoked.
Declaration means in AGM DECLARATION.

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