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can a shareholder or promoters waive his or their right for
dividend ? if yes then how and when before or after book
closure or in the AGM ? what will be its treatment in
accounts?should any provision be there in the Articals of
Company for that?
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Answer Posted / malay m pota
Yes,right can be waived,subject to the following conditions
1) There must be a provision in the Articles of the Company
2) The wiver should be reached the Company before of
declaration.
3) waiver should be in writing having validity of one year
in other words a fresh waiver is needed for every tear.
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