alleryStart learning →Who may declare an interim dividend under Section 123?
AThe Registrar of Companies
BShareholders at an AGM
CThe Board of Directors
DThe company auditors
Answer & Solution
Correct answer: C. The Board of Directors
Only the Board can declare an interim dividend, since no general meeting is needed for it.
Keep practising Declaration and Payment of Dividend
Browse all Declaration and Payment of Dividend questions for CA Inter, or explore more Law topics.
Related questions
Dividends on preferred shares must be paid before those onThe most common form of dividend payment isSince Budget 2020-21, what has happened to India's DDT?A payout ratio above 100% means the company paidDeclaring a dividend creates what in the company's books?Only holders registered on which date receive the dividend?On and after the ex-dividend date, a buyer of the shareDividends paid before the AGM and final accounts are