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Proposed dividend


(Guest)

Dear All,...

I just want to ask u that... can proposed dividend be increased or decreased in AGM????? plz reply with under which sec if possible........

 

Thanks.....

 

 


 5 Replies

CA Syed Raza Abbas Rizvi (PROPRIETOR ) (592 Points)
Replied 27 April 2012

hiiiiiii

The shareholders at the annual general meeting may vote to reduce, but may not increase, the dividend proposed by the board of directors. But I dont know the secion. 

Mihir Doshi (B.Com, CA, CS, LLB) (2187 Points)
Replied 27 April 2012

Dear, Shareholders can reduce the amount of dividend but they can not increase the amount of dividend as suggested by the BOD.

Mihir Doshi (B.Com, CA, CS, LLB) (2187 Points)
Replied 27 April 2012

Dear, Shareholders can reduce the amount of dividend but they can not increase the amount of dividend as suggested by the BOD.
1 Like

(Guest)

thanks all.. for ur valuable replies......

But i want the section under which this was said.....

plzz 


(Guest)

Dear Saurabh Sinh,

As per Regulation 85 of Table 'A' of Schedule I to the Companies Act 1956, the power to declare a dividend vests with the general meeting, but it has no power to declare a dividend exceeding the amount recommended by the board.

But if a dividend is so declared at the general meeting, the company can not declare a further dividend for the same year. (Circular no. 2 issued by the department of Company Affairs dated 25.10.1975)

Regards,

Veeral Gandhi


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