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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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