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Dividend payment otherthan a member

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(Querist)
03 August 2012 Dear all,

Let us take a case. In a limited company x is a shareholder. Can x direct the company to pay dividend to y? Can the company legally make this payment?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
03 August 2012 In case x and Y are joint holders then x can request the company to pay to y. otherwise it is not allowed.

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