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.
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dividend
declaration
public unlisted co has declare dividend in FY 19-20 but was not able to open the dividend account...its a non compliance
now the company wants to open the dividend account but the problem is, co is having CC (cash credit account) with banks and the RBI circular says if you have cc account you cant open any other account with bank or any other bank whatsoever...
so please suggest how to proceed with the opening of unpaid dividend account
Dear All
Whether dividend on preference shares still need to approve in Annual G. Meeting as the rate of dividend is already approved by shareholders at the time of issuance. Please give your views.
Please Share Declaration of Dividend in Company and its Compliance, Requirements, and Procedure to be followed in Private Limited.
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dividendprocedure
declaration
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.
shareholders
preference
dividend
my company wants to declare interim dividend during end of this may .
1st of all i should consider this an interim dividend for FY 2019-20,
2nd shall there be DDT applicable on the same ?! as it is being declared now that "W.e.f., Assessment Year 2021-22, the domestic company isn’t required to pay dividend distribution tax on any amount declared, distributed or paid by such company by way of dividend."
does this mean that interim dividend declared for FY 2019-20 in may 2020 should not be treated as dividend for FY 2019-20 but instead dividend declared and paid in FY 2020-21 and DDT becomes not applicable. and should i take this dividend up in AGM for FY 2019-20 or FY 2020-21 as final dividend..
dividend
interim
distribution
can u pls share the draft BM agenda for declaring of interim dividend.
Dear friends
Can you please share the draft BM agenda for declaring of interim dividend.
Thanks in advance
A company declared an interim dividend on 1st November 2016.
What procedure the company has to follow in case the amount so
declared is not fully paid or claimed by all the shareholders by the end
of 30th November 2016?
What are the profits which may be utilized for this purpose?
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Can a private company having adequate profit declare Interim dividend twice i.e. within three months from the first interim dividend?
One of my client has private limited company & has declare the dividend in past 2 years continuously.
In this process the company has one foreign shareholder but the that shareholder dose not have any NRO Account in India. She has only NRE Account.
Now the the bank is not accepting the cheque of dividend.
My query is how to pay dividend to that shareholder?
Company has still not open the Unpaid Dividend Account.
