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Interim Dividend

Others 183 views 3 replies
Can a board declare interim dividend when there is no provision in AOA?
Replies (3)
Originally posted by : kishan
Can a board declare interim dividend when there is no provision in AOA?

no

Which section prohibits?
Originally posted by : kishan
Which section prohibits?

IDK section but 123 provides ways of declaring dividend and one of prohibiting condition of declaration is non perrmission of board and members


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