final dividend

Dear Ali,

Kindly Observe.

It is the privilege of the shareholders of the Company to declare Final Dividend in the Annual General Meeting of the company. Also note shareholders can decrease the rate of dividend recommended by board of directors but they can not increase it.

For Annual General Meeting Declaration of Dividend is an ordinary business read with section-173 of companies act,1956, which is required to be passed by Ordinary Resolution.

Through Directors' Report-- Board of Directors recommend rate of Final Dividend. 

Regards

HI

absolutely correct answer ankur

Keep it up

Shareholders have power to reduce the rate of dividend recommended by the Board of Directors in general meeting at the time of declaration of the same. But it can not be increased from the limit recommended by the Directors.