help

dividend declared become debt of the company and it can not be revoked except with the cosent of shareholder.. however if any dividend is declared ultra vires the act then director would be held personaly liable as they proposed dividend illegaly. so dividend won't be called back but would be recovered from the director.

But if directors do not have such amount to return, then what will happen?

pujit bhai company ke director itna garib nahi hotay.. dir ko max 400000 basic pay ek mahinay ka milta hai as per law.

jab tum final main aa jaogay yeah sarey doubts clear ho jayengay.. don't worry abhi inter main ho.. final main yeah sab cheez sochne ka time bhi nai milega.. enjoy pcc

If the directors doesnot have sufficient amount, then the company can file a suit to recover the loss..