dividend
Rraj Kapadia (15 Points)
01 March 2018
dividend(also interim dividend) declared in board meeting ...can it be revoked
4 Replies
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 01 March 2018
Dividend whether interim or final once declared cannot br revoked. There are exceptions though in unusual cases.
CA Harshali Salvi
(Practicing Chartered Accountant)
(1105 Points)
Replied 01 March 2018
no. once the dividend is declared can not be revoked .there is no such provisions in act which give power to BoD of company to revoke such declared dividend.
sabyasachi mukherjee
(27688 Points)
Replied 30 September 2019
Sec 124 of the companies act 1956.
once dividend declared whether interm or final cannot be invoked.
Declaration means in AGM DECLARATION.
once dividend declared whether interm or final cannot be invoked.
Declaration means in AGM DECLARATION.
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