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    Dividend to Preference Shareholders

    Posted By : CS Shiriti / Published on : 26-Jun-2020 12:56 PM / View : 244 / Comment : 0

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    Declaration of any dividend is a special business item which can be transacted at AGM as well as EGM.
    The question is that whether dividend given to Preference Shareholders is required to be taken at AGM/EGM when the Company intents to pay the same.
    Nature of Preference shares is cumulative in nature. Is resolution passed in board meeting will not be sufficient enough as far as compliance is concerned ?

    Because dividend entitlement is already given to Preference Shareholders at the time of issue of shares.

    Request to accord inputs please.
    Read more on : shareholders preference dividend

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