Interim Dividend
kishan (Student CS) (25 Points)
08 August 2018
Can a board declare interim dividend when there is no provision in AOA?
3 Replies
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
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