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.
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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