PIB- Payment of Dividend by Companies

Posted: 18/08/2012 in News, PIB
Tags: , , , ,

The data regarding companies which have not given dividend to their shareholders is not maintained in this Ministry. Further, there is no statutory compulsion on the companies under the Companies Act 1956 to declare and pay dividends to their shareholders every year.

This information was given by Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Rajya Sabha today.

Source: Press Information Bureau.

 

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s