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 Can the excess amount transferred be withdrawn or transferred to company's current account?
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 Can the excess amount transferred be withdrawn or transferred to company's current account?
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.
Thank you all for replying
It has been a great help.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
