What is Interim Dividend?


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Interim dividend is a dividend paid between two annual general meetings of the company,

Provisions:-

  1. The BOD may declare interim divided from time to time.
  2. The amount of dividend including interim dividend shall be deposited in a separate Bank account within five days from the date of declaration of such dividend.
  3. The amount of dividend so deposited above shall be used for payment of interim dividend.
  4. Since, interim dividend does not constitute a statutory debt and therefore directors can rescind it by passing a resolution.

 

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We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]

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