hello, please answer to above question and thank u in advance.
This is the question of CA Final in Law PM January 2015 edition.. here it is given that shareholders cannot modify the rate of dividend.
What it means ?
Munish Bhandari says that Shareholders can decrease rate of dividend but cannot increase it (which was same in Companies Act 1956 )... Here in PM it says share holders cannot modify the rate of dividend.
module does not have any point on it.. please answer my query.
if possible plz send link for the same.. Thank you :)
CAclubindia
