Section 3(4)(b) in The Preference Shares (Regulation Of Dividends) Act, 1960

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Union of India - Subsection

Section 3(4)(b) in The Preference Shares (Regulation Of Dividends) Act, 1960

(b)after the 30th June 1960, and before the commencement of this Act, a dividend in respect of any previous year, it shall declare, in respect of the said previous year, an additional dividend of such amount as, together with the dividend already declared, would exceed the stipulated dividend-

(i)by thirty per cent. of the stipulated dividend in the cases referred to in sub-section (1), or

(ii)by eleven per cent. of the stipulated dividend in the cases referred to in sub-section (3).

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Union of India - Subsection

Section 3(4)(b) in The Preference Shares (Regulation Of Dividends) Act, 1960