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Interim dividend
Corporate & Other Laws
Is there any circumstances that BOD can revoke 2nd interim dividend once declared is valid??
Answers (6)
Sahibdeep Singh
Yes they may revooke, before payment. Once such situation is attached for reference. Happy studying!
Sir is unanimous resolution necessary for revocation?
Himanshu Somani
Sir is unanimous resolution necessary for revocation?
Nothing as such is mentioned - company may specifically have it in articles. However, such sitauations reflect negatively on company, so it will generally be unanimous.
Sahibdeep Singh
Yes they may revooke, before payment. Once such situation is attached for reference. Happy studying!
On the ground of that the company was financially poor then wt will be the case? Sir
Thread Starter
Lakki KamuOn the ground of that the company was financially poor then wt will be the case? Sir
Then in the first sitaution, they might not have announced it. If it becaue financially constrained after announcement, as mentioned above there does exist a possibility to revoke.
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