HOW A PRIVATE LIMITED CO. DECLARES DIVIDENDS FROM THEIR RESERVE. CAN DIVIDENT AMOUNT TRASFERABLE IN UNSECURED LOAN.
CS Bijoy
(Expert)
(6394 Points)
Replied 23 May 2011
Private company is governed by their article so if there is anything mention in their AOA that can be followe by the company.
Divident can not be transfered to unsecured loan, once dividen decleared it becomes debt and member can file suit against company to receive dividen.
CAclubindia
