Book Closure on declaring Preference Dividend

This query is : Resolved 

17 July 2010 hi all,

Can anyone confirm whether book closure is mandatory to declare dividend on preference share like equity.

Expecting your suggestion asap.

Thanks & Regards,
Akansha Gambhir

19 July 2010 Book closure is not mandatory. you can keep record date for the same istead of book closure

19 July 2010 May i know reference to any any provision, rule or law for the same?


20 July 2010 You may check the commentary of Section 154 in any authors book like KR Chandratre.




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