The directors of a private company declared and paid an interim dividend of
Rs.5/= per equity share having face value of Rs.10/- each. However, when the
resolution was put up for confirmation by shareholders , the resolution could
not be carried through. Can PayWell claim back the interim dividend already
paid to the shareholders?
Interim Dividend
CS Arjun Rajagopal (B.com, ACS) (1056 Points)
22 September 2016