namrata (company secretary ) (422 Points)
10 August 2015Dear Freinds,
A Pvt Ltd Company has redeemed shares in FY-15-16 before balance sheet finalising ...But they are liable for receiving dividend for fy-14-15.
But can you suggest how can we pay them dividend in the forthcoming agm ,if they are no longer preference shareholders.
Regards
Namrata Pai
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 19 August 2015
In the resolution you can mention record date for dividend as the date prior to the date of redemption of the preference shares.
CAclubindia
