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 Can the excess amount transferred be withdrawn or transferred to company's current account?
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Withdrawal from Dividend 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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