Dividend to preference share holders


kamini Agrawal (Legal And secretarial Adviser)     27 September 2012

kamini Agrawal
Legal And secretarial Adviser 
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Hello friends,

just guide me that CAN  public limited Co. declared dividend to prefrence shareholders in AGM.,even when it is not giving dividend to equity shareholders.......................

 

Regards

Kamini Agrawal

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RAMESH CHANDRA SHARMA (munka istentisztelet)     27 September 2012

RAMESH CHANDRA SHARMA
munka istentisztelet 
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I THINK IN PREPFRENCE SHARES ...THE DIVIDEND IS FIXES AT THE TIME OF THEIR ISSUE ......

SO QUESTION OF FURTHER ANNOUNCEMENT OF DIVIDEND DOESNT ARISE......

 

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CA.Ankur Khandelwal (Owner)     27 September 2012

CA.Ankur Khandelwal
Owner 
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agree with ramesh

kamini Agrawal (Legal And secretarial Adviser)     27 September 2012

kamini Agrawal
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thankx  Ramesh and Ankur for your comment

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Aditya Soni (CS Final Student Trainee)     28 September 2012

Aditya Soni
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Dear Kamini,

Dividend on prefrence shares are fixed already and company has to give dividend it the prefrence shareholders every year, even if not declared for Equity Shareholders.

 

Regards,

Aditya

 

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CA Lokesh Pokharna (CA (Ahmedabad Bhilwara Chittorgarh))     28 September 2012

CA Lokesh Pokharna
CA (Ahmedabad Bhilwara Chittorgarh) 
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p. shares are cumulative or non cumulative???? dividend is fixed on shares at issue time, for addional dividend means declaration needed

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CS Ankur Srivastava (Company Secretary & Compliance Officer)     28 September 2012

CS Ankur Srivastava
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Agree with the learned members... A specified percentage of Dividend is decided at the terms of issuance of preference shares and even specified on the name of Preference Shares as 10% Cumulative Preference Shares and is given during the tenure of Preference Shares accordingly.


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