Declaration of dividend

    Posted By : CS Shiriti / Published on : 16-Sep-2019 12:24 PM / View : 32 / Comment : 0
    Print button
    Declaration of dividend



    A company with a share capital of Rs.1 lakhs is having a reserve of Rs.10 Lakhs as on 31.3.2018. For the financial year ended 31.03.2019, the company has incurred a loss of Rs.50,000/-. The company does not have any activity during the year and would like to close the business. Before closing the business, the company has to disburse the sum of Rs.10 lakhs as dividend. Is there any restriction regarding the declaration and payment of dividend?

    This is the first year of dividend declaration.

    Read more on : dividend declaration



    Other Queries from CS Shiriti

    Latest Queries
    Like us on Facebook
    Follow Us on Twitter

    We are always here to help you. Don’t hesitate to contact us anytime!

    011-42345111 or ask@compliancecalendar.in