Declaration of ‑ Payment of interim dividend ‑ Whether confirmation by shareholders has to be only in annual general meeting - Companies Law - Letter: No. 8/13(205A)/79‑CL‑V,

Letter: No. 8/13(205A)/79 ‑ CL ‑ V, dated 18 ‑ 7 ‑ 1981. Subject:- Declaration of ‑ Payment of interim dividend ‑ Whether confirmation by shareholders has to be only in annual general meeting Approval of dividend is the privilege of the general meeting and the board can pay interim dividend if so authorised by the articles of association subject to the regularisation of the interim dividend by the company in general meeting. The general meeting for this purpose can be annual general meeting only, for the profit for the financial year would not otherwise be known.