INTERIM DIVIDEND
This query is : Resolved
03 June 2010
sir, please solve my problem:
WHETHER INTERIM DIVIDEND CAN BE PAID OUT OF ACCUMULATED PROFIT/RESERVE
OR
ONLY OUT OF CURRENT YEAR PROFIT ?
WHETHER INTERIM DIVIDEND CAN BE PAID OUT OF ACCUMULATED PROFIT/RESERVE
OR
ONLY OUT OF CURRENT YEAR PROFIT ?
03 June 2010
In my opinion,
Meaning of dividend:
Dividend is the return on the investment of shareholders in a company. Only profits can be distributed as dividend
Dividend means the portion of the profits of the company which is distributed to the shareholders
Definition of dividend: Dividend includes any interim dividend [Sec. 2(14A)]
Ordinarily, the term interim dividend means the dividend declared between two AGMs
Source of dividend:
a)Profits of current FY
b)Undistributed profits of previous FY(s)
c)Money provided by CG or SG in pursuance of a guarantee given by it.
Meaning of dividend:
Dividend is the return on the investment of shareholders in a company. Only profits can be distributed as dividend
Dividend means the portion of the profits of the company which is distributed to the shareholders
Definition of dividend: Dividend includes any interim dividend [Sec. 2(14A)]
Ordinarily, the term interim dividend means the dividend declared between two AGMs
Source of dividend:
a)Profits of current FY
b)Undistributed profits of previous FY(s)
c)Money provided by CG or SG in pursuance of a guarantee given by it.
03 June 2010
Agree with expert
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