Will it be possible not to provide any amount in respect of shares/shareholders, where the total dividend payable per shareholder amounts to Rs.5 or less; because the cost of service of shareholders in this respect will be much more than the dividend itself. This has to be viewed in respect of Nidhi companies, notified under section 620A of the Companies Act, 1956, where the majority of shareholders will be having just one equity share or just 10 equity shares of Rs.10 each.
Can the Articles be amended to contain similar provision?
CAclubindia
