Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Dividend can be paid out of Followings mentioned below: Section- 123 (1)(a)
A per the companies act 2013 the Notice of dividend declared shall be given to the persons entitled to share in it.
{As per the Model Articles of Company Limited by shares as Contained in Table-F of Schedule-I of the 2013 Act}
Note:
A company which is in default related to deposit & repayment of deposit or interest thereon might not declare a dividend.
A company can’t declare a dividend if the company fails to comply with the acceptance of deposits & repayment of deposits accepted earlier to the commencement of this Act.
Where a dividend has to be declared by the company but hasn’t been paid or the warrant in respect thereof has not been posted within the period of 30 days from the date of declaration to any shareholders entitled to payment of the dividend, each director of the company shall, if he is knowingly a party to the default, be punishable with imprisonment which may extend to 2 years & with fine which shall not be less than 1000 rupees for every day during which such default continues & the company shall be liable to pay simple interest at the rate of 18% per annum during the term for which such default continues.
For any information please visits My website enterslice.com or send us an email at info@enterslice.com. You can also call our customer support at +91 9069142028.
On June 08, 2023, the Reserve Bank of India issued guidelines on default loss guarantee on thei...
The gaming industry in India has made a remarkable transformation in iGaming in the year 2023;...
A company needs cost-effective financial management for overall survival and growth. This invol...
Automotive industry audit checklist as the process audits is made simpler and generates better...
An Automotive Dealerships Audit Checklist helps in an examination and review of aspects related...
Are you human?: 5 + 7 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The government of India along with the Ministry of Corporate Affairs and Department of Revenue has come up with the...
10 Jul, 2023
The commencement of Derivative trading in India dates back to the year 2000 when it first obtained the final approv...
16 Sep, 2019