C S Neelam Suthar (CS) (50 Points)
05 March 2016
prakash
(Company Secretary)
(1352 Points)
Replied 05 March 2016
Neelam,
is it interim dividend?, Generally, Board recommends Dividend and Shareholders declare same in General Meeting.
I opine that if it is interim dividend, it can be declared by way of circular resolutions since this item is not covered by Sub (3) of Section 179 of CA, 2013, Which stipulates few items should be exercised by means of resolutions passed at meetings of the Board only.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 07 March 2016
Yes, interim dividend can be declared by the Board by circular resolution.
C S Neelam Suthar
(CS)
(50 Points)
Replied 08 March 2016
Thanks,
I have read that section but that section include one point which speaks issues which have public intrest or claim somthing like that...
so dividend will not term as public related issue??
CAclubindia
