05 May 2018
As per Clause 87 of Model Articles of Company Limited by shares as Contained in Table-F of Schedule-I of the 2013 Act Notice of dividend declared shall be given to the persons i.e Share holders entitled to share in it 1.Company in Board Meeting may decide the amount of dividend which they want to recommend in General Meeting 2.Company will mention the resolution for Dividend in the Notice of General Meeting. 3.Company will hold the General Meeting: a. Declaration of Dividend is Ordinary Business. b. Ordinary Resolution for declaration of dividend will be passed in the General Meeting. 4.Once dividend is declared, it must be paid within 30 days.
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