Dividend proposed is not approved in AGM. Do we need to revise accounts? What are the legal provisions?
CA Mauparna Ghosh (Senior Audit Assistant) (75 Points)
12 July 2012Dividend proposed is not approved in AGM. Do we need to revise accounts? What are the legal provisions?
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 12 July 2012
No need to revise the accounts. It is just an provision. As dividend is not declared in AGM, the provision can be written back to P&L Appropriation A/c
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