Cancellation of dividend

2120 views 2 replies

Once Company has declared Dividend Can it cancel the same

Replies (2)

No. the Company's Act specifically states that once dividend has been declared it cannot cancell the same, further it has to deposit the same in a seprate bank account within 30 days of declaration.

No It cannot cancel the dividend.  Once declared,  dividend becomes a liability of the co & it is required to pay ti the shareholders after deducting CDT.  That's why the provision of Interim Dividend have been brought at par with that of the Final Dividend because Directors use to declare the Interim Dividend nad subsequently it used to get cancelled.  to curb this practice the provsion relating to INterim dividend have been amended by Companies Ameendment Act,2000.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details