Hi.. Seeking your help in regard to: provisions regarding (i) declaration of dividend by private company, (ii) number of board of director meetings in a year.
Rgds.
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provisions regarding declaration of dividend in private co.
Replies (4)
Hi check out the provision of section 205 and rules for declaration of dividend which mention that before declaring dividend certain percentage should be transferred to reserve.
Minimum four Board Meeting and one in each quarter required to be held.
Dear Friend
For declaration and payment of Dividend you must comply the provision of section 205 along with your company’s articles.
For Board meeting read section 285 of the Companies Act, 1956.
Regards
CS Ajay Mishra
Agree with Hardik. Check the below link for more idea about Dividend:-
/forum/declaration-of-dividend-100602.asp
Regards,
Thanks All for providing me the detail !! My query is solved.
Warm Regards,
Priyanka
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