Withdrawal from Dividend account

Pvt ltd 150 views 3 replies

Excess amount was transferred to dividend account while transferring the amount to the dividend account. All shareholders have been paid their dividend. Can the excess amount transferred be withdrawn or transferred to company's current account?

Replies (3)

From banks it can be if facility is available. 

Or else leave it off and send a notice to them that next dividends will be reduced. 

Yes ,If there is no liability then such account can be closed and proceeds will be transferred to company's account..

Thank you all for replying

It has been a great help.


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