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dividend

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 August 2010 Can a Private company pay dividend proportionately for number of months (As per New share capital introduced during the year)
if any section permitting such a treatment then pl.quote the section also
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
30 August 2010 no
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Ankur Garg

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Ankur Garg (Expert)
30 August 2010 No it is not possible.

Company Act does not allowed payment of dividend for part of a year.

Regards
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