In the event of inadequacy or absence of profits in any year, dividend may be declared by a company for…
Can Dividends Be Paid Out of Capital Dividend cannot be paid out of capital, even if the articles…
Dividend has to be distributed within 30 days of the declaration. Posting of dividend warrants within 30 days…
Liability of Directors, Shareholders and Auditors for Improper Dividend The directors are personally liable to account for improper payment of…
‘Divisible profits’ means the profits that the law allows the company to distribute to the shareholders by way of dividend.…
THE DEFINITION Dividend is the return on the share capital subscribed for and paid to a company by its shareholders.…