Interim Dividend And Its Declaration

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As a company, declaring the interim dividend is something that needs to be done religiously. There are processes in place that enable you to do so, and without coming under any kind of problems.

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Presentation Transcript

Interim Dividend And Its Declaration:

Interim Dividend And Its Declaration

Slide 2:

As a company, declaring the interim dividend is something that needs to be done religiously. There are processes in place that enable you to do so, and without coming under any kind of problems. The process of the Right issue: - 1. Firstly , you need to check if the articles in your company permit for the issues of security are under the rights issue. If not, then you will need to amend the articles so as to permit you to do so.

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2. You need to check whether the securities which are issued will still remain under the authorized share capital of that company. Otherwise, you can go about amending the memorandum as well as articles on the company. 3. After that, you need to opt in the valuation of the shares from registered chartered accountant, and it is simply for the process of declaring the issue prices of the to-be-released shares. 4. You need to issue a notice to all the board directors at least a week in advance so that the meeting can take place in accordance to the provisions of corporate law. 5. In the board meeting, you would need to convene the issue, and ensure that you get the proposal approved by the board. After the approval is complete, then you can fix a date so as to draw up all the eligible members that can get the offer.

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After the board meeting is convene, then you would need to dispatch a letter to all the existing shareholders at least three days in advance before the issue is open. As such, the offer will be opened for a minimum timeframe of 15 days, and a maximum of 30 days. As such, you can receive any acceptance as well as the rejection from the shareholders. To know more about getting  legal documents online in India , be sure to check out this site. 

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