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?
Click here to view / answer Share it onDear All,
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.
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.
