Q1.What is minutes?
Q2. What is statutory provisions regarding dividend?
Q3. Types of resolution
all covered in your CA finals corporate law study material. Refer to that in the first place
Parul Jain (6 Points)
15 April 2018
Nikhil Kaushik
(Fellow CA)
(85706 Points)
Replied 16 April 2018
all covered in your CA finals corporate law study material. Refer to that in the first place
Jatin Bajaj
(CS)
(2930 Points)
Replied 16 April 2018
Statutory provisions related to Dividend
Dividend can be paid out of the profits of the Company or out of the accumulated profits or under both
Interim Dividend can be paid at any time during the financial year out of the surplus mentioned in the profit and loss account.
The amount of dividend shall be deposited within 5 days from date of declaration of dividend in a seprate bank account.
Dividend can only be paid to registered shareholders
In case of inadequate profits or losses then the rate of dividend shall not exceed the average rate of dividend paid during the last 3 years immediately preceeding that year and the amount drawn from accumulated profit shall not exceed 10% of the paid up share capital and free reserves as per last audited balance sheet.
After dividend reserves shall not be less than 15 % of the paid up share capital and free reserves
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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