Restriction for Payments, of Dividend.(Sec-98).

-

Restriction for Payments, of Dividend.(Sec-98). 

 

              Dividend is the share of profit payable to the shareholders.

Ø               There are several restrictions for payment of dividend are as follows,

01.No dividend is payable except out of profit after providing for depreciation, any reserve, past losses and others expenses of the company.

02.Capital profit transferred to reserve Account; they cannot be available for dividend purpose.

03.If share is fully paid up all claims of dividend must be fully paid.

04.No dividend shall exceed the amount recommended by the directors

05.The board Authorized to make deduction and pay to the exchequer from dividend as it levied by the govt. from time to time.

06.Dividend may be paid by way of cheque or warrant to the registered holders of share either in person or by mail delivery.

07. No dividend shall bear interest against of the company

08.Only registered members at the date of declaration are entitle to any specific dividend.

 

Comments

Post a Comment

Popular posts from this blog

List of BAS & BFRS (Bangladesh Accounting & Financial reporting Standard)

-
  BAS and BFRS   Adoption Status of International Accounting Standards (IASs) by ICAB as Bangladesh Accounting Standards (BFRS) as on 1 January 2013.   BAS No. BAS Title BAS Effective Date Remarks 1 Presentation of Financial Statements on or after 1 Jan 2010   2 Inventories on or after 1 January 2007   7 Statement of Cash Flows on or after 1 January 1999   8 Accounting Policies, Changes in Accounting Estimates and Errors on or after 1 January 2007   10 Events after the Reporting Period on or after 1 January 1999   11 Construction Contracts on or after 1 January 1999   12 Income Taxes on or after 1 January 1999   16 Property, Plant & Equipment on or after 1 January 2007   17 Leases on or after 1 January 2007   18 Revenue on or after 1 January 2007   19 Employee Benefits on or after 1 January 2013   20 Accounting of Government Grants and Disclosure of Government Assistance on or after 1 January 1...
Read more

Duties of company secretary in respect of issue right share by public Ltd.?

-
  Following are the duties & responsibilities of the secretary   about issue of right share 0101. Take steps strictly as per BSEC right issue rules-2006 0202. Convene a meetring of board of director to consider a.proposal of right issue & term of issue. b.Approve date clopsing   the register of the members & transfer book c.To fix up the time date ,place   & agenda of the meeting 03.Notice of meeting to the   members 04. passed resolution approving right issue 05.prepare the list of the memberes showing shareholding 06.Dispatches letter of right   to the member 07.Take steps to dispose the   share 08.Issue final allotement to the members within 04 weeks from the date of closing subscription 09.Preparing & issue of   share certificate within 90 days from the date of allotement.
Read more

Mushake List Under VAT & Supplementary Duty ACT -2012

-
SL NO Mushak Basis Marks 01 Mushak-2.1 Vat registration Apply Registration Purpose 02 Mushak-2.2 N/A 03 Mushak-2.3  online Vat  Registration 04 Mushak-2.4 Cancellation  online Vat  Registration(Permanent /Temporary) 05 Mushak-2.5  online Vat  Registration(Coreection) 06 Mushak-3.1  Apply Mushak Adviser(Agent)   07 Mushak-3.2 Certify as Mushak Adviser(Agent)   08 Mushak-3.3     09 Mushak-4.1 Return Advance VAT   10 Mushak-4.2 Declaration With saler  & byer When dismiss Business   11 Mushak-4.3 ...
Read more