Interim dividend: board may declare if authorised by articles, subject to regularisation by shareholders at the annual general meeting. The board may pay an interim dividend if authorised by the articles of association, but any interim dividend must be regularised by the company in general meeting; the appropriate meeting for such regularisation is the annual general meeting because the profit for the financial year would not otherwise be known.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interim dividend: board may declare if authorised by articles, subject to regularisation by shareholders at the annual general meeting.
The board may pay an interim dividend if authorised by the articles of association, but any interim dividend must be regularised by the company in general meeting; the appropriate meeting for such regularisation is the annual general meeting because the profit for the financial year would not otherwise be known.
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