URGENT -format of board resolution for interim dividend

[angelina]

         Dear All,
           
             please can someone help me with a FORMAT OF BOARD RESOLUTION DECLARING INTERIM DIVIDEND.

[Amar Hussain Shaikh]

Please find the Board Resolution for declaring Interim Dividend:

The payment of interim dividend for the year ending………….……. was considered on the basis of the

proforma accounts. The Directors opined that there were adequate profits to permit payment of interim

dividend. Accordingly, the following Resolution was passed :

“RESOLVED THAT an interim dividend of Rupee one per equity share absorbing ` 10,00,000, be paid

on the ………… (date), out of the profits of the Company for the year ending .………., on 1 0,00,000

equity shares, subject to the deduction of income tax in accordance with the provisions of the Income

Tax Act, 1961, to those equity shareholders whose names stand in the register of members on the

..……… of ……….., and that the transfer books and the register of members be closed from the …………..

of…………. to the ……….. of ………, both days inclusive, for the purpose of payment of such dividend.”

“RESOLVED FURTHER THAT a bank account be opened under the name and style “Interim Dividend

Account of …….Company Limited” with …….Bank and that the total amount of interim dividend be

deposited in the said bank within 5 days from the date of this resolution and that Mr. ………..Managing

Director be and is hereby authorized to operate the said account.”

Amar 

 

On Fri, Sep 26, 2014 at 1:03 PM, angelina <angelin...@gmail.com> wrote:

         Dear All,
           
             please can someone help me with a FORMAT OF BOARD RESOLUTION DECLARING INTERIM DIVIDEND.

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