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Dividend declaration

Corporate & Other Laws

"Declared can be declared out of current year or previous year profits" What does current year and previous year actually mean Which year do they refer to? And also if a company conducts AGM on 30th June 2020 then it is called as AGM for which year 2019-20 or 2020-2021 Please answer..

Sai Teja

CA Final

★ 14K+

12-Mar-21 15:42

287

Answers (5)

Best Answer

Thread Starter

Sai Teja

Thank you very much sir. One last question If dividend is declared in AGM 30th June 2020 then for which financial year are they actually declaring divindend..

2019-20

Sriram Somayajula

Admin

12-Mar-21 19:25

1. Current / previous year - current / previous financial year. 2. 2019-20

Sahibdeep Singh

CA Inter

★ 14K+

12-Mar-21 18:09

Sahibdeep Singh

1. Current / previous year - current / previous financial year. 2. 2019-20

Thank you very much sir. One last question If dividend is declared in AGM 30th June 2020 then for which financial year are they actually declaring divindend..

Thread Starter

Sai Teja

CA Final

★ 14K+

12-Mar-21 18:27

Thread Starter

Sai Teja

Thank you very much sir. One last question If dividend is declared in AGM 30th June 2020 then for which financial year are they actually declaring divindend..

I think its for 2019-20