Harish Naidu (Job) 24 May 2011
Please let me know, what is the maximum percentage of Dividend that can be declared by a Pvt Ltd Company.
Please let me know in the below case:
Paid-up Capital of the Company - 1.65 cr
Profits after all adjustments - 3.20 cr (after providing depreciation, set off previous losses etc)
As per the Secretarial Standard on Dividends, 10% of the profits should be transferred to reserves if Dividend Proposed is more than 20% of Paidup Capital of the Company. Please let me know if we can declare maximum amount after transferring 10% of Profits of 3.20 cr to Reserves or dividend declared should not exceed Paidup Capital of the Company.
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Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited) 08 May 2014
Mutual Fund Mythbuster Rahul is working for a mutual fund house. They have recently came out with anNFO (new fund offer). The day on which the fund house announced its maidenNAV (net asset value), he received lot of calls from investors asking why the NAV is at below Par. They thought something was wrong
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners