In a private company, with two director cum shareholders, will the directors treated as interested if they declare interim dividend at board meeting or buyback through board??
1. Can there be reversal of entry of "Provision of dividend" shown in the B/s for the purpose of payment of dividend to Preference Shareholders (if got approval from the shareholders to not pay the same ) so that the same can be added to retained earnings and utilized for the purpose of redemption of Preference shares ?
2. Can preference shareholders be redeemed on face value less than of issue ? The terms of issue doesn't contain anything about face value and the Companies Act doesn't have a provision on it.
The Company is a Private limited Company and the preference shareholders are promoters of the Company.
dividend
shares
preference
Dear Sir,
How to calculate Dividend that can paid depending upon financials whether anyone have excel sheet for calculation of Dividend payout or to find percentage of Dividend to be paid in compliance with Companies Act, 2013.
Can anybody share the procedure and draft document required for declaring interim dividend by a Company.
dividend
interim
declaration
Dear Members,
Please advise on following query:
A private limited company approved final dividend in its board meeting on 01.09.2019
and it was confirmed by shareholders in its AGM on 27.09.2019. But, after declaring
dividend, due to some reasons management hold on to distributing dividend to shareholders.
Now, BOD wants to pass resolution for withdrawal of dividend declared earlier
and shareholders are even confirming to withdraw declaration of dividend by passing
special resolution in its EGM.
Now, please advise as per Companies Act, 2013, can BOD & shareholders withdraw and
cancel earlier approved declaration of dividend by passing resolutions in its duly held meetings.
Your early reply shall be really helpful.
Can money transferred between a private limited company and LLP in which both director and designated partner are same, Deemed Dividend under Section 2(22)(e) of income tax act is applicable or not
Click here to view / answer Share it onA private Limited Co. has a paid up capital Rs. 6.50 lacs & accumulated surplus Rs. 11.50 as on 31.03.2018 During the FY 2018-19 company has suffered losses Rs. 3.50 lacs . The Company has declared and PAid Dividend Rs. 8.50 LAcs to shareholders and deposited 1.74 lacs as DDT (Dividend Distribution Tax) in FY 18-19 My querry is whether the company can paid the above dividend and if no what is remedy or consequences .
Click here to view / answer Share it onDear Friends
A state government company has made allotment of equity shares to existing shareholders under section 62(1)(a). But allotment was made after 60 days of receipt of application money.
Now auditors are saying that the company has violated provisions of Section 73 and 74 and as per section 123(6) it cannot pay to dividend.
The company has already declared and paid dividend.
As per my view period of allotment to be made within 60 days is for private placement under section 42. Here allotment made under section 62(1)(c).
What can be provisions in this regard.
Please advise
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.
dividend
declaration
Dear Members,
Our Company has wrongly credited tax amount along with dividend amount in dividend account.
Please suggest.
should I transfer this tax amount into normal account of company or to pay the tax through this dividend account?
In case a transfer has not been registered in the books of a company, then the transferor can entitled to receive dividend if he is a registered holder as on the record date?
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beneficial holder can receive dividend from the
company by virtue of the order given by the registered holder?
chance
dividend
receive
holder
beneficial
