Alex limited is facing a loss in business during the financial year 2018-2019. In the immediate preceding
Fantastic news! We've Found the answer you've been seeking!
Question:
Alex limited is facing a loss in business during the financial year 2018-2019. In the immediate preceding three financial years, the company had declared dividends at the rate of 7%, 11%, and 12% respectively. The Board of Directors has decided to declare a 12% interim dividend for the current financial year at least to be on par with the immediately preceding year. Is the act of the Board of Directors valid?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: