DIVIDEND

This query is : Resolved

VIKAS KAPOOR (Querist)
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29 April 2011 WE HAVE FREE RESERVE IN OUR COMPANY AND WE ARE PROFIT MAKING COMPANY. WE WANT TO DECLARE DIVIDEND TO SHARE HOLDERS.

QUESTION 1

WE DISTRIBUTE THE DIVIDENT FROM THE RESERVE OR NOT.

QUESTION 2

AFTER DECLARATION OF DIVINDEND IT IS COMPULSORY TO PAY

QUESTION 3

CAN WE TRANSFER THE SAME TO THE UNSECURED LOANS OF SHARE HOLDERS.

QUESTION 4

BOARD RESOLUTION AND AGM MEETING ANY OTHER FORMALITIES IS THERE OR NOT.

Nayan Das

Nayan Das (Expert)
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29 April 2011 QUESTION 1
Ans: WE DISTRIBUTE THE DIVIDENT FROM THE RESERVE& Surplus.

QUESTION 2
Ans: AFTER DECLARATION OF DIVINDEND IT IS COMPULSORY TO PAY.

QUESTION 3
Ans: WE COULD NOT TRANSFER THE SAME TO THE UNSECURED LOANS OF SHARE HOLDERS.

QUESTION 4
ANS: BOARD RESOLUTION AND AGM MEETING ANY OTHER FORMALITIES IS THERE.