Dividend
Dipankar Adhikari (c.a student) (45 Points)
18 May 2007
is there any minimum rate prescribed for Proposed dividend as per co's act 1956.
3 Replies
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 18 February 2008
To my knowledge, there is no provision in companies act regarding minimum rate at which dividend is to be proposed.
Kaustuv
(Practicing CA)
(1778 Points)
Replied 19 February 2008
There is no minimum rate of dividend prescribed as per Companies Act, but to ensure neither over and under distribution of surplus, Companies (Transfer of profits to reserves) Rules 1975 was framed.
Ashish Ranpara
(TAX CONSULTANT)
(369 Points)
Replied 20 February 2008
There is no minimum rate of dividend prescribed as per Companies Act, but to ensure neither over and under distribution of surplus, Companies (Transfer of profits to reserves) Rules 1975 was framed.
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