Company Secretary
1352 Points
Joined January 2012
Dear Vinay,
If dividend is recommended by Board and yet to be declare by shareholders, in that case, board can revoke its proposal and see that financial will undergo changes.
if dividend is declared by shareholders in general meeting, it cannot be revoked, your directors and company will attract punishment for failutre to distribute dividends under section 127 of the Companies Act, 2013.