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    Dividend Payment to Majority.

    Posted By : SHALU / Published on : 01-Jun-2021 03:36 PM / View : 573 / Comment : 0

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    Dear Members,

    One pvt. company wishes to declare dividend and in this company only two shareholders
    one(Body corporate) holds 99.99% and
    second one (individual) holds .01 %

    Now the company wishes to pay dividends only to body corporate(Majority holders) and not to minor shareholders.

    Whether is it allowed or not?

    Any other alternative to do this transaction by way of taking NOC from minor shareholders

    Pls consider this with the provisions of the Companies Act, 2013
    Read more on : majority payment dividend

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