Is it possible for me to declare dividend today for profit for previous financial year i.e. 2016-17.
my egm date is 25/10/2017
1 Replies
Madhwesh K
(272 Points)
Replied 25 October 2017
annual dividend declaration power is only with AGM and not with EGM.
however now the board can declare interim dividend for the current year (by complying with dividend rules) and not for 16-17.. if u still wish to distribute accumulated profit, then u can opt for dividend declaration out of reserves (see dividend rules)
however now the board can declare interim dividend for the current year (by complying with dividend rules) and not for 16-17.. if u still wish to distribute accumulated profit, then u can opt for dividend declaration out of reserves (see dividend rules)
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