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Dividend declaration

"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

Sai Teja

CA Foundation

12K+

12-Mar-21 15:42

24

Answers (5)

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


Sahibdeep Singh

Sahibdeep Singh

Moderator

12-Mar-21 18:09

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..


Sai Teja

Sai Teja

CA Foundation

12K+

12-Mar-21 18:27

I think its for 2019-20

Yes thank you


Sai Teja

Sai Teja

CA Foundation

12K+

14-Mar-21 20:33

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