How much dividend can be declared by a private limited company? and what are the provisions about DDT?
Please reply
Vatsal Makwana (Article clerk) (71 Points)
11 February 2012How much dividend can be declared by a private limited company? and what are the provisions about DDT?
Please reply
Suraj S
(Audit Executive)
(335 Points)
Replied 11 February 2012
Dividend cannot be declared by a pvt. ltd. company. Dividend can be declared only by a Public Ltd. Comany as per Companies Act, 1956. So no case of DDT arises.
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 12 February 2012
Dear Suraj, can you please quote the sectoin reference where the co law says that a pvt co cannot declare dividend??
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