Last updated: April 5th, 2019 3:24 AM
Declaration of Interim Dividend by Private Limited Company
A dividend means the profit of a company is distributed among the shareholders in proportion to the amount paid-up on the shares held by them. Dividend is usually payable for a fiscal year after the final accounts are ready and the amount of distributable profit is available. If the dividend is announced and paid in the middle of a financial year, such dividend is known as an interim dividend. As per Companies Act, 2013, the term dividend is also inclusive of interim dividend. In this article, we look at the sources and conditions and procedure for declaring Interim Dividend by a Private Limited Company.Interim Dividend as Per Companies Act
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