Dividend

This query is : Resolved

CS Surendra (Querist)
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10 September 2012 Fact:
A ltd has declared dividend of Rs. 1 on each equity share at AGM (26th July, 2012). Co has not paid dividend amount to its shareholders till now (i.e. 10th September, 2012) nor paid dividend distribution tax for said dividend.

Query:
1. Will company require filing form 5 INV with MCA.

CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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10 September 2012 No, the company has to inform the unpaid details as on the date of AGM within 90 days of the date of AGM.

On the date of AGM the company did not have such amount as unpaid.