is THERE any requirement to pay interim dividend from the 1st six months profits of current year only !!
praveen
(Chartered Accountant)
(6971 Points)
Replied 05 July 2011
It is only a benefit and not compulsory.
Dividend by itself is not compulsory but only a management decision.
Hari Krishna.D
(CA & CWA Final)
(38 Points)
Replied 05 July 2011
there is no any reqt tht it shud be paid only from frst 6 mnths profit, it can be paid based on the BOD decision, but they shud ensure that the annual results will be positive only, in case if they turn to losses, directors become responsible for such int dvd payment....
Deeejey
(May'11: The Final Assault in making of CA)
(201 Points)
Replied 05 July 2011
dividend is not an obligation like any other finance charge.
CA Suraj Prasad Shaw
(Chartered Accountant)
(504 Points)
Replied 05 July 2011
| Originally posted by : praveen | ||
 |
It is only a benefit and not compulsory. Dividend by itself is not compulsory but only a management decision. |
 |
Agreed with Pravinji.............
Anvesh Desai
(Chartered Accountant)
(156 Points)
Replied 05 July 2011
not at all....
the only requirement is to check future profit viablility.
if such future profit viability is met then company can happily declare interim dividend if it wants to though...
Hari Krishna.D
(CA & CWA Final)
(38 Points)
Replied 05 July 2011
as i said, anvesh sir is correct buddies...
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 05 July 2011
| Originally posted by : praveen | ||
|
|
It is only a benefit and not compulsory. Dividend by itself is not compulsory but only a management decision. |
|
AGREED.
CS Bijoy
(Expert)
(6394 Points)
Replied 06 July 2011
According to me dividemd Final or Interim is not compulsory. Its depend upon management. Interim Dividend is declared during the year and Final Dividend declared end of the year but only if Board make recomendation for declaration of Dividend otherwise shareholder can not make declaration by their own. but after declaration its become debt and shareholder can file suit for recovery of the declared Dividend.
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