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dividend on preference shares

This query is : Resolved 

29 July 2010 Dear Friends,

Please clarify that can a non deposit accepting NBFC issue such prefrence shares,where dividend will be payable to pref. shareholders on monthly basis.

Whats rules and regulations will be required to complied with.

Pls provide if u have any checklist on payment of dividend on preference shares.

05 August 2010 In my view, pref shares cannot be issued with monthly dividend payments.



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