Priyanka (Article Asstistant) (33 Points)
22 August 2010Hi.. 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.
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 23 August 2010
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.
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 23 August 2010
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
vivek
(CS)
(751 Points)
Replied 23 August 2010
Priyanka
(Article Asstistant)
(33 Points)
Replied 23 August 2010
Thanks All for providing me the detail !! My query is solved.
Warm Regards,
Priyanka
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