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Declaration of dividend

This query is : Resolved 
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(Querist)
28 November 2014 can a members of company declare dividend at higher rate then proposed by bod on the agm
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
29 November 2014 No.

Dividend can't be declared at an annual general meeting at a rate more than what is recommended by the directors

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