kamini Agrawal (Legal And secretarial Adviser) (25 Points)
27 September 2012Hello friends,
just guide me that CAN public limited Co. declared dividend to prefrence shareholders in AGM.,even when it is not giving dividend to equity shareholders.......................
Regards
Kamini Agrawal
RAMESH CHANDRA SHARMA
(munka istentisztelet)
(899 Points)
Replied 27 September 2012
I THINK IN PREPFRENCE SHARES ...THE DIVIDEND IS FIXES AT THE TIME OF THEIR ISSUE ......
SO QUESTION OF FURTHER ANNOUNCEMENT OF DIVIDEND DOESNT ARISE......
kamini Agrawal
(Legal And secretarial Adviser)
(25 Points)
Replied 27 September 2012
thankx Ramesh and Ankur for your comment
Aditya Soni
(CS Final Student Trainee)
(727 Points)
Replied 28 September 2012
Dear Kamini,
Dividend on prefrence shares are fixed already and company has to give dividend it the prefrence shareholders every year, even if not declared for Equity Shareholders.
Regards,
Aditya
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 28 September 2012
p. shares are cumulative or non cumulative???? dividend is fixed on shares at issue time, for addional dividend means declaration needed
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 28 September 2012
Agree with the learned members... A specified percentage of Dividend is decided at the terms of issuance of preference shares and even specified on the name of Preference Shares as 10% Cumulative Preference Shares and is given during the tenure of Preference Shares accordingly.
CAclubindia
