declaration of interim dividend, such interim dividend shall not be declared at a rate higher than the average of the dividends declared by the Corporation ... dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account within five days from the date of declaration of such
declaration of interim dividend, such interim dividend shall not be declared at a rate higher than the average dividends declared by the company during ... dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account within five days from the date of declaration of such
procedure for conveying information to the participants and beneficial owners on dividend declaration, shareholder meetings and other matters of interest to the beneficial owners
declaration of dividend creates a right so far as gross dividend is concerned in favour of the shareholder and as such a declaration would ... dividend on its shares a debt immediately became payable to each shareholder in respect of his dividend applied only in the case of dividends declared
secondly, according to the true construction of the Articles of Association declaration of dividend it a matter pertaining to the Board of the company ... further dividend after dividends had been declared at an annual general meeting.
17. The relevant articles in the present case as to the declaration
account the financial implications of tax-free dividend and a dividend less tax and decide a dividend of what percentage and what form ... larger dividend nor could the dividend certificate mention a smaller dividend than had been declared at a general meeting. The declaration must, therefore, be taken
mismanagement in the affairs of the Company namely, (a) non-declaration of dividends; (b) increase of the authorised share capital; (c) exclusion of the petitioners ... rejected by the board of directors controlled by Humbarwadi family. The declaration of dividend was intentionally avoided to deprive the minority shareholders of the returns
that the declaration was merely a conditional declaration and it had not given the shareholders any immediate rights to claim any dividends from the Company ... declaration of dividend. The section runs thus:--
"Section 207 -- Penalty for failure to distribute dividends within forty-two days. --Where a dividend has been
dividend, any dividend or dividends which he may have
failed to receive before that money is applied to the
payment of any future dividend ... payment of
any future dividend or dividends. The right which such secured creditor
gets is priority to payment of dividend, before the money in hands
declared interim dividends. The appellant received a
dividend -warrant dated December 28, 1950 for a certain
amount being the interim dividend in respect ... payment of dividend
even if it is one in form declaring dividend.
The Indian Companies Act, 1913 contains no provision for
declaration of dividend either
