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
Recovery of Shares
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.
Non-Banking Financial Companies (NBFCs) in India are now a major driving force of the country's...
The Reserve Bank of India (RBI) has taken a historic step in India's financial sector. The bank...
The financial sector is changing in the current digital era. Banking is no longer limited to ju...
The Indian financial market is diversifying and fast-changing. Making the right decision for in...
If you are an Indian seeking to live in the beautiful country of Sweden, 2025 is the right time...
Are you human?: 1 + 2 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
A new section 194M is inserted in the Finance Bill 2019 in the Union Budget 2019 to avoid tax evasion. This section...
29 Jul, 2019
Recently, the MCA (Ministry of Corporate Affairs) has implemented new rules for the takeover of unlisted companies....
10 Jul, 2023