who shall declare final dividend?
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 17 April 2009
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
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 24 April 2009
HI
absolutely correct answer ankur
Keep it up
CS Pooja
(Company Secretary)
(305 Points)
Replied 31 May 2011
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 31 May 2011
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.
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