Company Secretary
1352 Points
Joined January 2012
Neelam,
is it interim dividend?, Generally, Board recommends Dividend and Shareholders declare same in General Meeting.
I opine that if it is interim dividend, it can be declared by way of circular resolutions since this item is not covered by Sub (3) of Section 179 of CA, 2013, Which stipulates few items should be exercised by means of resolutions passed at meetings of the Board only.