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    Question

    Under the Companies Act, 2013, which of the following is

    TRUE about interim dividend?
    A Can only be declared out of current year profits Correct Answer Incorrect Answer
    B Can be declared out of current year profits and/or surplus in P&L Correct Answer Incorrect Answer
    C Requires approval from ROC Correct Answer Incorrect Answer
    D Cannot exceed 20% of paid-up capital Correct Answer Incorrect Answer
    E Can only be declared after AGM Correct Answer Incorrect Answer

    Solution

    • Section 123 allows interim dividend from current year profits and/or accumulated surplus, subject to prescribed conditions.

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