Excess amount was transferred to dividend account while transferring the amount to the dividend account. All shareholders have been paid their dividend. Can the excess amount transferred be withdrawn or transferred to company's current account?
3 Replies
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 19 May 2022
From banks it can be if facility is available.
Or else leave it off and send a notice to them that next dividends will be reduced.
Chirag
(Professional)
(1979 Points)
Replied 20 May 2022
Yes ,If there is no liability then such account can be closed and proceeds will be transferred to company's account..
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