Question ID :
40418
Dividend
A private Limited Co. has a paid up capital Rs. 6.50 lacs & accumulated surplus Rs. 11.50 as on 31.03.2018 During the FY 2018-19 company has suffered losses Rs. 3.50 lacs . The Company has declared and PAid Dividend Rs. 8.50 LAcs to shareholders and deposited 1.74 lacs as DDT (Dividend Distribution Tax) in FY 18-19
My querry is whether the company can paid the above dividend and if no what is remedy or consequences .
posted by
SANDEEP KAPOOR
on
Oct 4 2019 12:00AM