Proposed Dividend
This query is : Resolved
08 February 2011
Whether proposed dividend can be cancelled?
08 February 2011
Yes Proposed dividend can be canceled.
207. Penalty for failure to distribute dividends within forty- two days.
IT uses the word " Where a dividend has been declared by a company but has not been paid". So just proposing dividend do not create any liability on company.
207. Penalty for failure to distribute dividends within forty- two days.
IT uses the word " Where a dividend has been declared by a company but has not been paid". So just proposing dividend do not create any liability on company.
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