Interim Dividend
kishan (Student CS) (25 Points)
08 August 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 08 August 2018
Originally posted by : kishan | ||
Can a board declare interim dividend when there is no provision in AOA? |
no
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 08 August 2018
Originally posted by : kishan | ||
Which section prohibits? |
IDK section but 123 provides ways of declaring dividend and one of prohibiting condition of declaration is non perrmission of board and members
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)