Is it possible for me to declare dividend today for profit for previous financial year i.e. 2016-17.
my egm date is 25/10/2017
Menu
Dividend declared
Replies (1)
annual dividend declaration power is only with AGM and not with EGM.
however now the board can declare interim dividend for the current year (by complying with dividend rules) and not for 16-17.. if u still wish to distribute accumulated profit, then u can opt for dividend declaration out of reserves (see dividend rules)
however now the board can declare interim dividend for the current year (by complying with dividend rules) and not for 16-17.. if u still wish to distribute accumulated profit, then u can opt for dividend declaration out of reserves (see dividend rules)
Recent Topics :
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
Related Topics :
CAclubindia
