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Companies Law - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Declaration of dividend - interim dividend can be declared ...


Companies Can Declare Interim Dividends Using Profits Until Quarter Before AGM, Per Section 123(3) of Companies Act 2013.

January 7, 2018

Act Rules     Companies Law

Declaration of dividend - interim dividend can be declared during the period from closure of financial year till date of Annual General Meeting and in such case in addition to profits referred above, the profit generated upto quarter prior to declaration of dividend may be used - Section 123(3) of the Companies Act, 2013

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