than company shall not be declared at rate higher than average divided declared by company during immediately preceding 3 financial year
my questions this :- if company declare dividend only 2 preceding year out of 3 preceding year
than comapany give interim dividend in this situation ???
if yes soo calculate average rate of dividend preceding 3 year
aggregate of 2 years rate dividend divide(÷) by 3 or 2
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company want to give interim dividend in case hase incurred loss during the current financial year up to end of quater
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This concept of average dividend only applicable in case of company incurred losses... Obviously when dividend not paid in any year then it cames to 0 and average of 3 last yrs calculated like 100+100+0/3
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