Declaration of final dividend - before closure of accounts

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....eclaration of final dividend - before closure of accounts<br> Query (Issue) Started By: - Adoni Raghavendra Dated:- 17-9-2009 Last Reply Date:- 18-9-2009 Corporate Laws / SEBI / LLP<br>Got 1 Reply<br>....

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....Companies Law<br>Dear All, Whether a "Private Limited Company" can declare final dividend before the closure/finalisation of accounts related to the period during on which dividend declared? Is it all....

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....owed/applicable in/as per the company's Act 1956. If not, what are the consequences to be faced by the company as per the law? Reply By Rama Krishana: The Reply: Section 205 of the companies act 195....

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....6 is the relevant provision - there is no restriction on declaring dividend before finalization of accounts for the current year. Final Dividend needs to be approved by the AGM only. Board can declare....

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.... interim dividend, final dividend can be approved and declared by the AGM or EGM only. Adjustment on account of Depreciation and accumulated loss needs to be made first.<br> Discussion Forum - Knowled....

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....ge Sharing ....