Interim Dividend - Requirements

Dhruv (article) (100 Points)

09 July 2011  

I earlier asked quetion regarding this , but seems there was some confusion regarding inference , reframing the question
" INTERIM DIVIDEND should be paid out of  the first six months profit of current year in which it is declared?? "
eg : If on NoV 2011 reliance declares interim dividend of 100% say10 per share can it be paid only from first six months profit of the financial year 2011-12 ie profits arising from 1st april to 30th sept ,2011 only ??